Strive (NASDAQ: ASST) boosts bitcoin holdings and adds Class A shares
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Strive, Inc. reported recent changes in its balance sheet and digital asset holdings. Between June 2 and June 7, 2026, the company purchased 32 bitcoin at an average price of approximately $63,911 per bitcoin, including fees, increasing its bitcoin position from 19,000 to 19,032 as of June 5, 2026.
Cash and cash equivalents rose from $137.3 million to $139.2 million over the same period, while the fair value of its holdings of Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. decreased from $49.5 million to $47.2 million. Class A common shares outstanding increased from 69,089,145 to 69,410,645, a net addition of 321,500 shares, including shares sold that will settle the following business day. The company also reiterated extensive forward-looking statement cautions, highlighting risks tied to its merger transaction with Semler Scientific, Inc., bitcoin strategies, capital raising via ATM programs, and potential dilution from future Class A or preferred share issuances.
Positive
- None.
Negative
- None.
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: 32 bitcoin
Average bitcoin price: $63,911 per bitcoin
Cash and cash equivalents: $139.2M
+5 more
8 metrics
Bitcoin purchased
32 bitcoin
Bought June 2–7, 2026 at ~$63,911 per bitcoin
Average bitcoin price
$63,911 per bitcoin
Inclusive of fees for June 2–7, 2026 purchases
Cash and cash equivalents
$139.2M
As of June 5, 2026 (up from $137.3M on June 1)
Fair value of STRC Stock
$47.2M
As of June 5, 2026 (down from $49.5M on June 1)
STRC shares held
505,000 shares
Unchanged between June 1 and June 5, 2026
Bitcoin held
19,032 bitcoin
As of June 5, 2026 (up from 19,000 on June 1)
Class A shares outstanding
69,410,645 shares
As of June 5, 2026 (up 321,500 vs. June 1)
SATA preferred shares outstanding
7,513,907 shares
Unchanged between June 1 and June 5, 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 8, 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 8, 2026, Strive, Inc. ("Strive" or the "Company") announced that during the period from June 2, 2026 through June 7, 2026, Strive purchased 32 bitcoin at an average price of approximately $63,911 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 June 1, 2026 | As of June 5, 2026 | Change | |||||||||||||||
| Cash and cash equivalents (in thousands) | $ | 137,300 | $ | 139,200 | $ | 1,900 | |||||||||||
| Fair value of STRC Stock (in thousands) | $ | 49,500 | $ | 47,200 | $ | (2,300) | |||||||||||
| Shares of STRC held | 505,000 | 505,000 | — | ||||||||||||||
| Bitcoin held | 19000 | 19,032 | 32 | ||||||||||||||
Shares outstanding: (1) | |||||||||||||||||
| Class A common stock | 69,089,145 | 69,410,645 | 321,500 | ||||||||||||||
| Class B common stock | 9,780,018 | 9,780,018 | — | ||||||||||||||
| SATA Stock | 7,513,907 | 7,513,907 | — | ||||||||||||||
(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 dividend rate, 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 8, 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 buying 32 bitcoin between June 2 and June 7, 2026 at an average price of about $63,911 per bitcoin, inclusive of fees. This raised its holdings from 19,000 to 19,032 bitcoin as of June 5, 2026.
How did Strive, Inc.’s cash position change between June 1 and June 5, 2026?
Strive’s cash and cash equivalents increased from $137.3 million to $139.2 million between June 1 and June 5, 2026. The $1.9 million rise came alongside additional bitcoin purchases and stable share counts for Class B and preferred stock.
What happened to the value of Strive, Inc.’s STRC Stock holdings?
The fair value of Strive’s Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. (STRC Stock) declined from $49.5 million to $47.2 million by June 5, 2026, a $2.3 million decrease, while the number of STRC shares held remained 505,000.
What forward-looking risks does Strive, Inc. highlight in this filing?
Strive highlights risks around its merger transaction with Semler Scientific, Inc., bitcoin and digital asset strategies, potential dilution from issuing more Class A or SATA shares, possible legal proceedings, customer reactions, and broader economic and regulatory conditions affecting future results and trading performance.