Strive, Inc. operates as a structured finance company and institutional asset manager with reportable activities in investment advisory services and corporate bitcoin treasury operations. Its Strive Asset Management, LLC subsidiary is an SEC-registered investment adviser, while the Corporate & Other segment includes the company’s bitcoin holdings and related capital allocation framework.
Recurring news for Strive covers bitcoin treasury updates, purchases of bitcoin and bitcoin-related securities, financial results, and capital-structure actions involving its Variable Rate Series A Perpetual Preferred Stock, traded as SATA. Company updates also address preferred stock dividend declarations and rate adjustments, governance matters, material agreements, and business education or media initiatives connected to corporate bitcoin finance.
Strive (Nasdaq: ASST) reported third-quarter 2025 results for the period ended September 30, 2025, after completing a reverse acquisition of Asset Entities Inc.
Key metrics: raised $762.6M via PIPE and warrant exercises with an additional $736.6M potential; held 5,886 BTC at cost $683.0M (fair value $672.9M) as of Sept 30, 2025 and reported 7,525 BTC as of Nov 7, 2025; GAAP net loss of $192.3M (period Sept 12–30, 2025) driven by non-recurring/non-cash items; non‑GAAP adjusted net loss of $13.0M.
Other actions: announced all-stock merger agreement to acquire Semler Scientific, completed a registered offering of 2,000,000 SATA preferred shares for net proceeds ~$149.3M, and launched a Bitcoin treasury dashboard.
Strive (Nasdaq: ASST) closed an upsized IPO of 2,000,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA) at $80 per share, expected to begin trading on Nasdaq around November 10, 2025. The SATA Stock carries an initial variable dividend set at 12% per annum on a $100 stated amount, cumulative and payable monthly when declared beginning December 15, 2025, with an initial liquidation preference of $100 per share.
Strive acquired 1,567 Bitcoin at an average $103,315 and holds 7,525 Bitcoin as of November 10, 2025. Proceeds will support a Bitcoin amplification toggle to accumulate additional Bitcoin and for general corporate purposes.
Strive (Nasdaq: ASST) priced an upsized initial public offering on November 5, 2025 of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock (SATA) at $80 per share, expected to settle on November 10, 2025. Gross proceeds are estimated at $160 million before fees. Strive intends to use net proceeds for bitcoin and bitcoin-related purchases, income-generating assets, working capital, capex, share repurchases and debt repayment.
The SATA stock carries an initial annualized regular dividend of 12.00% payable monthly beginning December 15, 2025, a dividend reserve equal to $12.00 per share (12 months at 12%), a liquidation preference of $100 per share, and a redemption option at $110 per share after listing.
Strive (Nasdaq: ASST) proposes an initial public offering of 1,250,000 shares of Variable Rate Series A Perpetual Preferred Stock (SATA Stock) with a $100 stated amount per share.
Initial monthly regular dividend rate per annum is 12.00%, payable monthly beginning Dec 15, 2025, subject to discretionary adjustments and restrictions. Strive may use net proceeds for bitcoin purchases, income-generating assets, working capital, share repurchases, debt repayment, or acquisitions.
Key mechanics: dividend reserve of $12.00 per share (12 months at 12%), liquidation preference initially $100, optional redemption at $110 per share after exchange listing, and bookrunners Barclays and Cantor.
Strive (Nasdaq: ASST) appointed Ben Werkman as Chief Investment Officer effective October 6, 2025. Werkman will report to CEO Matt Cole and serve as a board observer. He joins from Swan Bitcoin and previously founded NumerisX, bringing experience in Bitcoin treasury strategy, capital allocation, equity and derivatives trading, and risk management. At Strive he will oversee investment strategy, capital deployment, risk frameworks, and efforts to increase Bitcoin per share for common equity holders. The release clarifies it is not an offer to sell company stock.
Strive (Nasdaq: ASST) has announced a strategic merger with Semler Scientific (Nasdaq: SMLR) in an all-stock transaction, alongside a significant Bitcoin treasury expansion. The deal values Semler at a 210% premium ($90.52 per share), with shareholders receiving 21.05 Class A Strive shares for each Semler share.
Strive has simultaneously purchased 5,816 Bitcoin at $116,047 each, totaling $675 million. Post-merger, the combined entity will hold over 10,900 Bitcoin and plans to explore monetizing Semler's diagnostics business. The company aims to implement a "preferred equity only" leverage model, avoiding traditional debt risks.
The merger, unanimously approved by both boards, will maintain Strive's current management while adding Semler's Executive Chairman Eric Semler to the board.Strive (NYSE:ASST) has announced the strategic acquisition of MSTR True North Inc. in a cash transaction. The deal strengthens Strive's position in Bitcoin advocacy and digital capital markets. True North, a cash flow positive company, brings its media platform including the Investment Grade Bitcoin podcast to Strive's ecosystem.
As part of the acquisition, Jeff Walton, True North's founder, has been appointed as CEO of True North and Chief Risk Officer of Strive. True North's Ben Werkman will maintain his position on Strive's board of directors. The synergies from this acquisition are expected to enable platform expansion without additional costs through Strive's existing distribution channels.
Strive (NASDAQ:ASST), the first publicly traded asset management Bitcoin treasury company, has announced its comprehensive Board of Directors and Bitcoin strategy. The company starts with 69 Bitcoin acquired through a Section 351 exchange and has secured $750 million in financing, with potential for an additional $750 million from warrants within a year.
As a well-known-seasoned-issuer (WKSI), Strive has filed an S-3 ASR shelf registration and announced a $450 million at-the-market (ATM) offering alongside a $500 million stock repurchase program. The company plans to issue a publicly traded perpetual preferred equity security in 2025 to purchase additional Bitcoin in an accretive manner.
The board includes experienced Bitcoin executives from prominent organizations, led by CEO Matt Cole as Chairman, with members from Strategy, Swan, The Bitcoin Bond Company, and other notable institutions.
Strive (NASDAQ:ASST), formerly known as Asset Entities Inc., has successfully completed its merger with Strive Enterprises, Inc. The company will maintain its NASDAQ listing under the ticker symbol ASST.
As part of the merger closing, Strive secured significant financing, raising $750 million in equity funding. The company has the potential to receive an additional $750 million through warrant exercises, bringing the total possible proceeds to $1.5 billion. Following the merger, Strive plans to implement a Bitcoin accumulation strategy.
Asset Entities (NASDAQ:ASST) shareholders have approved the merger with Strive Enterprises, marking a significant step toward creating a leading public Bitcoin Treasury Company. The merger received strong majority support, with Strive shareholders having approved the deal on September 4, 2025.
Post-merger, the combined entity will operate as Strive, Inc. and continue trading under ASST on Nasdaq. The leadership structure will feature Matt Cole as CEO and Chairman, while current Asset Entities CEO Arshia Sarkhani will transition to Chief Marketing Officer and Board member.
The transaction includes a substantial $750 million PIPE financing, with potential for an additional $750 million through warrant exercises, potentially totaling $1.5 billion in gross proceeds. The company emphasizes its zero-debt profile and focus on disciplined, long-term strategies aimed at outperforming Bitcoin.