Strive prices preferred offering; expects $630M
Strive reported 36,818 bitcoin held as of October 16, while its 7,000,000-share SATS preferred offering was scheduled to settle October 20, subject to customary closing conditions.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Strive, Inc. (ASST) purchased 4,045 bitcoin from October 12 through October 16, 2026, at an average price of approximately $82,803 per bitcoin, inclusive of fees and expenses. Bitcoin holdings were 36,818 as of October 16, versus 32,773 as of October 9; cash and cash equivalents were $317.5 million, versus $310.3 million on those dates. Effective common shares outstanding were 124,064,126 as of October 16, versus 110,387,204 as of October 9.
From October 12 through October 13, 273,493,909 traditional warrants were exercised to purchase 13,674,703 Class A shares, generating approximately $369.2 million in gross proceeds; remaining traditional warrants expired unexercised on October 13, and none remained outstanding as of October 16. Strive priced an underwritten public offering of 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at $90.00 per share ($700 million aggregate stated amount). Expected proceeds are approximately $630 million before underwriting discounts, commissions and estimated offering expenses. Settlement is scheduled for October 20, subject to customary closing conditions; no SATS shares were outstanding and no proceeds had been received as of the dates presented.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Bitcoin purchased: 4,045 bitcoin
Average bitcoin purchase price: Approximately $82,803 per bitcoin
Bitcoin held: 36,818 bitcoin
+5 more
8 metrics
Bitcoin purchased
4,045 bitcoin
October 12 through October 16, 2026
Average bitcoin purchase price
Approximately $82,803 per bitcoin
Purchases from October 12 through October 16, 2026, inclusive of fees and expenses
Bitcoin held
36,818 bitcoin
As of October 16, 2026
Cash and cash equivalents
$317.5 million
As of October 16, 2026
Gross proceeds from traditional warrant exercises
Approximately $369.2 million
Warrants exercised from October 12 through October 13, 2026
SATS preferred shares offered
7,000,000 shares
Underwritten public offering priced October 15, 2026
SATS preferred stock offering price
$90.00 per share
Underwritten public offering
Expected SATS offering proceeds
Approximately $630 million
Before underwriting discounts, commissions and estimated offering expenses
Key Terms
Effective Common Shares Outstanding, Assumed Fully Diluted Shares Outstanding, Traditional Warrants, aggregate stated amount
4 terms
Traditional Warrants financial
"no Traditional Warrants remain outstanding"
aggregate stated amount financial
"$700 million aggregate stated amount"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much bitcoin did ASST buy and at what price?
Strive bought 4,045 bitcoin from October 12 through October 16, 2026, at an average price of approximately $82,803 per bitcoin, inclusive of fees and expenses. This includes 2,822 bitcoin purchased from October 12 through October 13 and 1,223 purchased from October 14 through October 16; the latter purchases averaged approximately $81,734 per bitcoin, inclusive of fees and expenses.
What are the terms of ASST's SATS preferred stock offering?
Strive priced 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $90.00 per share, with a $700 million aggregate stated amount. Expected proceeds are approximately $630 million before underwriting discounts, commissions and estimated offering expenses. Settlement is scheduled for October 20, subject to customary closing conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________________
FORM 8-K
_________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 19, 2026
_________________________________________________________
(Exact name of Registrant as Specified in Its Charter)
_________________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices and zip code) | ||||||||
Registrant’s Telephone Number, Including Area Code: (855 ) 427-7360
(Former Name or Former Address, if Changed Since Last Report)
_________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events.
On October 19, 2026, Strive, Inc. ("Strive" or the "Company") announced that during the period from October 12, 2026 through October 16, 2026, Strive purchased 4,045 bitcoin at an average price of approximately $82,803 per bitcoin, inclusive of fees and expenses. This includes 2,822 bitcoin purchased during the period from October 12, 2026 through October 13, 2026, as previously announced on October 14, 2026, and 1,223 bitcoin purchased during the period from October 14, 2026 through October 16, 2026 at an average price of approximately $81,734 per bitcoin, inclusive of fees and expenses. The Company also announced the following updates to its holdings of cash and cash equivalents, bitcoin, and Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. (the "STRC Stock") and shares outstanding of Class A common stock, Class B common stock, and Variable Rate Series A Perpetual Preferred Stock (the "SATA Stock"):
| As of October 9, 2026 | As of October 16, 2026 | Change | |||||||||||||||
| Cash and cash equivalents (in thousands) | $ | 310,300 | $ | 317,500 | $ | 7,200 | |||||||||||
| Fair value of STRC Stock (in thousands) | $ | 50,328 | $ | 49,349 | $ | (979) | |||||||||||
| Shares of STRC held | 505,000 | 505,000 | — | ||||||||||||||
| Bitcoin held | 32,773 | 36,818 | 4,045 | ||||||||||||||
Shares outstanding: (1) | |||||||||||||||||
| Class A common stock | 101,169,907 | 114,847,610 | 13,677,703 | ||||||||||||||
| Class B common stock | 9,217,297 | 9,216,516 | (781) | ||||||||||||||
Effective Common Shares Outstanding (2) | 110,387,204 | 124,064,126 | 13,676,922 | ||||||||||||||
Options (3) | 796,642 | 793,642 | (3,000) | ||||||||||||||
Unvested employee stock awards (3) | 1,932,252 | 1,932,252 | — | ||||||||||||||
Assumed Fully Diluted Shares (4) | 113,116,098 | 126,790,020 | 13,673,922 | ||||||||||||||
Shares Underlying Traditional Warrants (5) | 15,255,900 | — | (15,255,900) | ||||||||||||||
SATA Stock (6) | 14,030,176 | 14,030,176 | — | ||||||||||||||
(1) Includes shares outstanding and shares sold through 4:00pm EST, which will be issued on the following business day. (2) Effective Common Shares Outstanding is calculated as the sum of Class A common stock and Class B common stock. (3) Represents outstanding, but unvested employee stock awards, which are subject to ongoing time and/or performance conditions. For any awards in which the achievement of performance conditions affect the number of shares to ultimately vest, represents the target number of shares granted. (4) Assumed Fully Diluted Shares Outstanding represents Effective Common Shares Outstanding plus shares underlying all potentially dilutive securities, including options and unvested RSUs. Shares underlying Traditional Warrants are excluded from this figure. (5) Represents shares exercisable underlying Traditional Warrants. As previously announced on October 14, 2026, during the period from October 12, 2026 through October 13, 2026, 273,493,909 Traditional Warrants to purchase 13,674,703 shares of Class A common stock were exercised for gross proceeds of approximately $369.2 million. The remaining warrants, assumed in connection with the Company’s September 2025 merger with Asset Entities Inc., expired unexercised on October 13, 2026. Exercises of traditional warrants subject to the payment of exercise price to Company. As of October 16, 2026, all Traditional Warrants had been exercised or had expired, and no Traditional Warrants remain outstanding. (6) On October 15, 2026, the company priced an underwritten public offering of 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock ($700 million aggregate stated amount) at a public offering price of $90.00 per share, for expected proceeds of approximately $630 million before underwriting discounts and commissions and estimated offering expenses. The offering is scheduled to settle on October 20, 2026, subject to customary closing conditions. No shares of SATS Stock were outstanding and no proceeds had been received as of the dates presented. | |||||||||||||||||
Cautionary Statement Regarding Forward-Looking Statements
Certain statements herein and in the press release attached hereto may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, express or implied statements regarding the outlook and expectations of Strive and its subsidiaries, the strategic benefits and financial benefits of the merger transaction with Semler
Scientific, Inc. (the "merger transaction"), including the expected impact of the merger transaction on Strive's future financial performance and the ability to successfully integrate the combined businesses, and Strive’s intentions with respect to adjusting the SATA Stock dividend rate. Such statements are often characterized by the use of qualified words (and their derivatives) such as “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “predict,” “potential,” “assume,” “forecast,” “target,” “budget,” “outlook,” “trend,” “guidance,” “objective,” “goal,” “strategy,” “opportunity,” and “intend,” as well as words of similar meaning or other statements concerning opinions or judgments of Strive and its management team about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements as a result of various important factors. Other risks, uncertainties and assumptions, including, among others, the following:
•the outcome of any legal proceedings that may be instituted against Strive or its subsidiaries;
•the possibility that the anticipated benefits of the merger transaction are not realized when expected or at all, including as a result of changes in, or problems arising from, implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets, general economic and market conditions, interest and exchange rates, monetary policy, and laws and regulations and their enforcement;
•the diversion of management’s attention from ongoing business operations and opportunities;
•dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock;
•potential adverse reactions of Strive’s clients and customers or changes to business or employee relationships, including those resulting from the completion of the merger transaction;
•other factors that may affect future results of Strive or the future trading performance of its Class A common stock or SATA Stock.
These factors are not necessarily all of the factors that could cause Strive’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm Strive’s results.
Although Strive believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that the actual results of Strive will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in Strive’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2025, and other documents subsequently filed by Strive with the SEC.
The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive or its businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements contained herein and in the press release attached hereto speak only as of the date hereof, and Strive undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Strive, Inc. | |||||||||||
| Date: | October 19, 2026 | By: | /s/ Matthew Cole | ||||||||
| Matthew Cole | |||||||||||
| Chief Executive Officer | |||||||||||