Strive, Inc. (NASDAQ: ASST) expands bitcoin holdings and raises cash
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Strive, Inc. reported a major shift in its balance sheet driven by additional bitcoin purchases and capital activity. Between May 23 and June 1, 2026, the company bought 2,500 bitcoin at an average price of about $74,092 per bitcoin, raising its total holdings to 19,000 bitcoin.
Over roughly the same period, cash and cash equivalents increased from $93.3 million to $137.3 million, while the fair value of its STRC Stock slipped slightly from $50.1 million to $49.5 million. Shares outstanding of Class A common stock rose from 65,898,527 to 69,089,145 and SATA preferred shares from 5,759,719 to 7,513,907, while Class B shares declined modestly.
Positive
- None.
Negative
- None.
Insights
Strive increases bitcoin exposure while boosting cash and issuing equity.
Strive, Inc. significantly expanded its bitcoin treasury, buying 2,500 bitcoin at an average of $74,092 each and raising total holdings to 19,000 bitcoin. This deepens the company’s direct exposure to bitcoin price volatility on its balance sheet.
At the same time, cash and cash equivalents climbed from $93.3M to $137.3M, suggesting recent financing or capital inflows alongside crypto purchases. Shares outstanding of Class A common stock and SATA preferred increased, while Class B declined, indicating dilution toward publicly traded classes.
The forward-looking statement section highlights risks tied to bitcoin strategies, dilution from additional Class A and SATA issuances, and execution of the merger transaction with Semler Scientific, Inc. Future company filings may clarify how ongoing ATM programs, dividend decisions on SATA, and further bitcoin activity affect capital structure and risk profile.
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: 2,500 bitcoin
Average bitcoin purchase price: $74,092 per bitcoin
Total bitcoin holdings: 19,000 bitcoin
+5 more
8 metrics
Bitcoin purchased
2,500 bitcoin
Bought between May 23 and June 1, 2026
Average bitcoin purchase price
$74,092 per bitcoin
Inclusive of fees and expenses
Total bitcoin holdings
19,000 bitcoin
As of June 1, 2026
Cash and cash equivalents
$93.3M to $137.3M
Change from May 22 to June 1, 2026
STRC Stock fair value
$50.1M to $49.5M
Change from May 22 to June 1, 2026
Class A shares outstanding
65,898,527 to 69,089,145
Change by June 1, 2026
Class B shares outstanding
9,870,636 to 9,780,018
Change by June 1, 2026
SATA shares outstanding
5,759,719 to 7,513,907
Change by June 1, 2026
Key Terms
Variable Rate Series A Perpetual Preferred Stock, Variable Rate Series A Perpetual Stretch Preferred Stock, ATM programs, forward-looking statements, +2 more
6 terms
Variable Rate Series A Perpetual Preferred Stock financial
"Variable Rate Series A Perpetual Preferred Stock, $0.001 par value per share"
A variable rate series A perpetual preferred stock is a type of share that pays a priority cash distribution whose amount resets periodically based on a reference interest rate, carries a specific series label (Series A), and has no fixed maturity date so it can remain outstanding indefinitely. Investors care because it offers higher priority income than common stock and a yield that moves with market rates—providing potential protection when rates rise but more income uncertainty than a fixed coupon.
Variable Rate Series A Perpetual Stretch Preferred Stock financial
"Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. (the "STRC Stock")"
ATM programs financial
"Strive's intentions with respect to the ATM programs for its listed securities."
An at-the-market (ATM) program is a way for a company to sell new shares directly into the open market over time at current market prices rather than all at once. Think of it like a business slowly topping up its cash register by selling small amounts of stock as needed; it gives the company flexible access to capital but can reduce each existing shareholder’s ownership percentage and put downward pressure on the share price if used heavily.
forward-looking statements regulatory
"Certain statements herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
merger transaction financial
"the strategic benefits and financial benefits of the merger transaction with Semler Scientific, Inc."
A merger transaction is when two companies combine into a single business, with one or both sets of owners exchanging, selling or reorganizing their shares so the firms operate together. For investors it matters because the deal can change the value and risk of their holdings — like two households moving in together and pooling budgets, it can create cost savings or new revenue but also brings integration costs, different ownership stakes and regulatory hurdles that affect share prices.
Bitcoin treasury strategies financial
"implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets"
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): June 2, 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 June 2, 2026, Strive, Inc. ("Strive" or the "Company") announced that during the period from May 23, 2026 through June 1, 2026, Strive purchased 2,500 bitcoin at an average price of approximately $74,092 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 May 22, 2026 | As of June 1, 2026 | Change | |||||||||||||||
| Cash and cash equivalents (in thousands) | $ | 93,300 | $ | 137,300 | $ | 44,000 | |||||||||||
| Fair value of STRC Stock (in thousands) | $ | 50,100 | $ | 49,500 | $ | (600) | |||||||||||
| Bitcoin held | 16,500 | 19,000 | 2,500 | ||||||||||||||
Shares outstanding: (1) | |||||||||||||||||
| Class A common stock | 65,898,527 | 69,089,145 | 3,190,618 | ||||||||||||||
| Class B common stock | 9,870,636 | 9,780,018 | (90,618) | ||||||||||||||
| SATA Stock | 5,759,719 | 7,513,907 | 1,754,188 | ||||||||||||||
(1) Includes shares outstanding and shares sold through 4:00pm EST, which will be issued on the following business day. | |||||||||||||||||
Cautionary Statement Regarding Forward-Looking Statements
Certain statements herein 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, Strive’s intentions with respect to adjusting the SATA Stock monthly regular dividend rate per annum, and Strive's intentions with respect to the ATM programs for its listed securities. 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 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: | June 2, 2026 | By: | /s/ Matthew Cole | ||||||||
| Matthew Cole | |||||||||||
| Chief Executive Officer | |||||||||||
FAQ
What bitcoin purchases did Strive, Inc. (ASST) disclose in this 8-K?
Strive disclosed that it purchased 2,500 bitcoin between May 23 and June 1, 2026 at an average price of about $74,092 per bitcoin, including fees and expenses. This increased its total bitcoin holdings to 19,000 bitcoin as of June 1, 2026.
How did Strive, Inc. (ASST) cash and cash equivalents change by June 1, 2026?
Cash and cash equivalents increased from $93.3 million on May 22, 2026 to $137.3 million on June 1, 2026. This $44.0 million rise occurred alongside additional bitcoin purchases and changes in outstanding Class A and preferred SATA shares.
What are Strive, Inc. (ASST) total bitcoin holdings after the reported purchases?
After buying 2,500 bitcoin during the period, Strive held 19,000 bitcoin as of June 1, 2026, up from 16,500 bitcoin on May 22, 2026. These holdings expose the company’s balance sheet to bitcoin price movements going forward.
What happened to Strive, Inc. (ASST) holdings of STRC Stock over this period?
The fair value of Strive’s STRC Stock position was $50.1 million on May 22, 2026 and $49.5 million on June 1, 2026, a decrease of $0.6 million. This reflects a small decline in the measured fair value of that investment.
What risks and forward-looking factors does Strive, Inc. (ASST) highlight?
Strive notes risks from the merger transaction with Semler Scientific, its bitcoin and digital asset strategies, dilution from issuing additional Class A and SATA shares, and potential adverse client reactions. It cautions that actual results may differ materially from forward-looking statements described.