Strive, Inc. (ASST) absorbs big Q2 2026 loss while going debt-free and adding bitcoin
Rhea-AI Filing Summary
Strive, Inc. reported second quarter 2026 results that highlight its pivot to a bitcoin-centric balance sheet alongside very large accounting losses driven by market volatility. For the three months ended June 30, 2026, total revenues were $2.9 million, primarily from investment advisory and medical device revenues, while GAAP net loss was $257.6 million, largely due to $228.0 million of net unrealized losses on digital assets and additional losses on preferred equity investments.
As of June 30, 2026, total assets were $1.38 billion, including $1.16 billion of digital assets measured at fair value. By August 7, 2026, the company had acquired 12,237 bitcoin year-to-date, achieved a reported Bitcoin Yield of 23.9% for the quarter and 37.7% for the first half, and held cash and cash equivalents of $154.9 million. Management states that all short- and long-term debt has been retired, leaving the company debt-free, and that 7.8 million shares of its SATA preferred stock were outstanding with a $783.0 million redemption value and liquidation preference as of June 30, 2026.
The SATA preferred began paying daily cash dividends on June 16, 2026 at a stated current annualized rate of 13.00%, and Strive has paid 44 consecutive dividends as of August 7, 2026. Net loss attributable to common stockholders for the quarter was $283.8 million, or $(3.77) per basic and diluted share, and non-GAAP adjusted net loss attributable to common stockholders was $275.0 million, or $(3.65) per diluted share, after excluding items such as share-based compensation, fair value changes on debt, transaction costs, and other investment losses.
Positive
- All short- and long-term debt retired, leaving Strive debt-free as of August 7, 2026, which reduces interest burden and financial leverage risk.
- Large cash balance of $154.9 million and $48.0 million fair value in STRC preferred equity as of August 7, 2026 provide liquidity alongside significant digital asset holdings.
Negative
- Quarterly GAAP net loss of $257.6 million, with $283.8 million net loss attributable to common stockholders, driven largely by unrealized losses on bitcoin and preferred equity.
- For the first half of 2026, net loss attributable to common stockholders was $563.2 million, highlighting substantial volatility and downside from the bitcoin-focused strategy.
Filing Explained
The company links its reported Bitcoin Yield to value creation for common shareholders, but the same filing states that the metric does not reflect preferred shareholders’ senior claims on dividends and assets and is not a financial performance, valuation, or liquidity measure.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total revenues Q2 2026: $2,941 thousand
GAAP net loss Q2 2026: $257,603 thousand
Net loss attributable to common stockholders Q2 2026: $283,812 thousand
+5 more
8 metrics
Total revenues Q2 2026
$2,941 thousand
Three months ended June 30, 2026
GAAP net loss Q2 2026
$257,603 thousand
Three months ended June 30, 2026
Net loss attributable to common stockholders Q2 2026
$283,812 thousand
Three months ended June 30, 2026
Digital assets at fair value
$1,164,639 thousand
As of June 30, 2026
Cash and cash equivalents
$154.9 million
As of August 7, 2026
SATA preferred redemption value
$783.0 million
Redemption value and liquidation preference as of June 30, 2026
Bitcoin acquired H1 2026
12,237 bitcoin
Six months ended June 30, 2026
Bitcoin Yield
23.9% / 37.7%
Q2 2026 and six months ended June 30, 2026
Key Terms
Bitcoin Yield, Variable Rate Series A Perpetual Preferred Stock, mezzanine equity, bargain purchase gain, +2 more
6 terms
Bitcoin Yield financial
"Achieved a Bitcoin Yield of 23.9% for the second quarter ended June 30, 2026"
Bitcoin yield is the income or return an investor earns from holding or using bitcoin, typically generated by lending it out, depositing it in interest-bearing accounts, or participating in decentralized finance activities that pay rewards. Think of it like renting out a house: you still own the asset, but you receive extra cash in exchange for allowing others to use it, and that extra cash matters to investors because it can boost overall returns, offset price swings, and change the risk profile of owning bitcoin.
Variable Rate Series A Perpetual Preferred Stock financial
"began paying dividends on our Variable Rate Series A Perpetual Preferred Stock"
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.
mezzanine equity financial
"Total mezzanine equity | 702,373 | | 148,802"
Mezzanine equity is a layer of financing that sits between bank loans and full ownership, combining elements of borrowed money and equity. It often gives lenders higher potential returns in exchange for taking more risk, sometimes with the option to convert into ownership or receive extra payments; think of it as a middle seat that pays more because it’s less secure than front-row debt. Investors watch it because it affects a company’s debt risk, potential dilution of ownership, and expected returns.
bargain purchase gain financial
"Bargain purchase gain | 66,704 | | | —"
A bargain purchase gain happens when a buyer acquires another company's assets for less than those assets' estimated fair value, producing an immediate accounting profit for the buyer. For investors, it matters because that one-time gain boosts the acquirer's reported earnings and can signal a very favorable deal — like finding a valuable item at a steep discount — but it may also prompt scrutiny about whether asset values or the deal terms were estimated correctly.
non-GAAP adjusted net income (loss) financial
"Non-GAAP adjusted net income (loss) attributable to common stockholders"
digital assets, at fair value financial
"Digital assets, at fair value | 1,164,639 | | 668,486"
Earnings Snapshot
Total revenues Q2 2026: $2,941 thousand
Three and six months ended June 30, 2026
Total revenues Q2 2026
$2,941 thousand
Compared to $1,511 thousand in the three months ended June 30, 2025
GAAP net loss Q2 2026
$257,603 thousand
Compared to $8,875 thousand net loss in the three months ended June 30, 2025
Net loss per diluted share Q2 2026
$(3.77)
Compared to $(3.86) in the three months ended June 30, 2025
Non-GAAP adjusted net loss attributable to common stockholders Q2 2026
$274,972 thousand
Compared to $3,384 thousand in the three months ended June 30, 2025
Digital assets at fair value
$1,164,639 thousand
Up from $668,486 thousand as of December 31, 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Strive (ASST) revenues and net loss for Q2 2026?
Strive reported $2.9 million in total revenues and a GAAP net loss of $257.6 million for Q2 2026. The loss was mainly driven by a $228.0 million net unrealized loss on digital assets and additional investment losses.
How much bitcoin did Strive (ASST) acquire in 2026 so far?
Strive acquired 6,236 bitcoin in Q2 2026 and 12,237 bitcoin over the first six months of 2026. It also bought an additional 303 bitcoin between July 1 and August 7, 2026 as part of its treasury strategy.
What is Strive (ASST)’s Bitcoin Yield for Q2 and year-to-date 2026?
Strive reported a Bitcoin Yield of 23.9% for Q2 2026 and 37.7% for the six months ended June 30, 2026. This metric reflects percentage change in bitcoin per share, not traditional investment yield or earnings performance.
What is the status of Strive (ASST)’s debt and liquidity?
As of August 7, 2026, Strive states it has no short- or long-term debt outstanding. It reported $154.9 million in cash and cash equivalents and a $48.0 million fair value position in STRC preferred stock on that date.
What were Strive (ASST)’s non-GAAP adjusted results for Q2 2026?
Non-GAAP adjusted net loss attributable to common stockholders was $275.0 million, or $(3.65) per diluted common share, for Q2 2026. This excludes items such as share-based compensation, fair value changes on debt, transaction costs, and other investment loss.
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): August 10, 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 2.02. Results of Operations and Financial Condition.
On August 10, 2026, Strive, Inc. (the “Company” or "Strive") issued a press release announcing the Company’s financial results for the quarter ended June 30, 2026. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information disclosed pursuant to Item 2.02 in this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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 monthly regular dividend rate per annum. 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.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press release, dated August 10, 2026, regarding the Company’s financial results for the quarter ended June 30, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
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: | August 10, 2026 | By: | /s/ Matthew Cole | ||||||||
| Matthew Cole | |||||||||||
| Chief Executive Officer | |||||||||||
