13% SATA yield and 13,768 Bitcoin at Strive (NASDAQ: ASST)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Strive, Inc. reported updated balance sheet and capital metrics alongside a higher dividend on its SATA preferred stock. As of April 13, 2026, the company held $89.7 million in cash and cash equivalents, $50.5 million in Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc., and about 13,768 bitcoin. Strive had 59,824,987 Class A shares, 9,893,844 Class B shares, and 4,373,194 SATA preferred shares outstanding.
The board increased the regular annual dividend rate on SATA Stock from 12.75% to 13.00%, declaring a cash dividend of $1.0833 per share payable on May 15, 2026 to holders of record on May 1, 2026. Strive expects SATA dividends to qualify as a return of capital for U.S. tax purposes to the extent of a holder’s tax basis. The company stated it has no accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future.
Strive also disclosed the purchase of approximately 27 additional bitcoin, bringing holdings to roughly 13,768 bitcoin, and noted that, at a 13.00% SATA yield and a bitcoin price of $74,750, its current balance sheet and structure could support SATA dividend obligations for about 19.6 years.
Positive
- None.
Negative
- Strive does not expect to generate current earnings and profits in the current year or the foreseeable future, indicating that preferred and potential common distributions rely on balance sheet resources rather than ongoing profitability.
Insights
Strive raises SATA yield to 13% but signals no earnings for the foreseeable future.
Strive is emphasizing income to SATA preferred holders, lifting the regular dividend rate from 12.75% to 13.00% and declaring a $1.0833 per-share dividend. This enhances cash returns for preferred investors and is framed as largely a tax-deferred return of capital for many holders.
At the same time, Strive explicitly states it has no accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future. That language suggests distributions depend heavily on its balance sheet composition, including its $89.7M cash, $50.5M preferred investment in Strategy Inc., and roughly 13,768 bitcoin.
The company highlights that, at a 13.00% SATA yield and a bitcoin price of $74,750, its current structure could support SATA dividends for about 19.6 years. This durability estimate is sensitive to bitcoin prices and portfolio values, so future disclosures on asset levels and dividend policy will be important for understanding ongoing coverage.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Cash and cash equivalents: $89.7 million
Investment in Strategy Inc. preferred: $50.5 million
Bitcoin holdings: 13,768 bitcoin
+5 more
8 metrics
Cash and cash equivalents
$89.7 million
As of April 13, 2026
Investment in Strategy Inc. preferred
$50.5 million
Variable Rate Series A Perpetual Stretch Preferred Stock as of April 13, 2026
Bitcoin holdings
13,768 bitcoin
After purchase of ~27 additional bitcoin, as of April 13, 2026
SATA dividend rate
13.00% per annum
Increased from 12.75%, effective for monthly periods on or after April 15, 2026
SATA dividend per share
$1.0833 per share
Cash dividend payable May 15, 2026 to holders of record May 1, 2026
SATA shares outstanding
4,373,194 shares
Variable Rate Series A Perpetual Preferred Stock outstanding as of April 13, 2026
SATA dividend coverage horizon
19.6 years
At 13.00% SATA yield and $74,750 bitcoin price, based on current balance sheet and structure
Assets under management
Over $2.5 billion
Managed by Strive Asset Management, LLC
Key Terms
Variable Rate Series A Perpetual Preferred Stock, return of capital, earnings and profits, Bitcoin treasury strategies, +2 more
6 terms
Variable Rate Series A Perpetual Preferred Stock financial
"Strive's board of directors increased the regular dividend rate per annum on the SATA Stock from 12.75% to 13.00%"
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.
return of capital financial
"to the extent distributions on the SATA Stock are not treated as being made out of the Company's accumulated or current earnings and profits, they will be treated generally as tax-deferred recovery of capital"
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
earnings and profits financial
"The Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future."
Earnings and profits describe the money a business keeps after covering its costs and expenses; 'earnings' usually means the final bottom-line amount while 'profits' can refer to that or to earlier stages after some costs are deducted. Investors watch these figures as a measure of a company's ability to grow, pay dividends and justify its stock price—think of it like a household’s leftover income after all bills, savings and necessary spending are paid.
Bitcoin treasury strategies financial
"implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets"
forward-looking statements regulatory
"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"
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.
structured finance company financial
"Strive is a structured finance company and institutional asset manager focused on disciplined capital allocation and long-term value creation."
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): April 15, 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 April 15, 2026, Strive, Inc. (the "Company" or "Strive") released a press release announcing the following business updates. A copy of the press release is attached hereto as Exhibit 99.1.
Cash and cash equivalents, investments, bitcoin, and capital stock update
As of April 13, 2026, Strive held $89.7 million of cash and cash equivalents, held $50.5 million in the Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc., and held 13,768 bitcoin. Strive had 59,824,987 shares of Class A common stock, 9,893,844 shares of Class B common stock, and 4,373,194 shares of its Variable Rate Series A Perpetual Preferred Stock ("SATA Stock") outstanding as of April 13, 2026.
Adjustment to Dividend Rate on Variable Rate Series A Perpetual Preferred Stock
Strive's board of directors increased the regular dividend rate per annum on the SATA Stock from 12.75% to 13.00% effective for monthly periods commencing on or after April 15, 2026.
Cash Dividend Declaration
Strive announced that its board of directors declared a cash dividend of $1.0833 per share of SATA Stock, which represents a per annum dividend rate of 13.00% on the SATA Stock. Payment will be made on May 15, 2026 to stockholders of record of SATA Stock at the close of business on May 1, 2026.
ROC Dividend Guidance
From a U.S. federal income tax perspective, to the extent distributions on the SATA Stock are not treated as being made out of the Company's accumulated or current earnings and profits, they will be treated generally as tax-deferred recovery of capital to the extent of the investor’s tax basis (in the case of a U.S. investor) and will be treated as exempt from U.S. dividend withholding tax (in the case of a non-U.S. investor). The Company does not have any accumulated earnings and profits, and does not expect to generate current earnings and profits in the current year or the foreseeable future.
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 April 15, 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: | April 15, 2026 | By: | /s/ Matthew Cole | ||||||||
| Matthew Cole | |||||||||||
| Chief Executive Officer | |||||||||||
Strive Announces Increase to SATA Perpetual Preferred Stock Dividend Rate to 13.00% and Bitcoin Buy
DALLAS, TX—(GLOBE NEWSWIRE)—April 15, 2026—Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced a SATA dividend rate increase of 25 bps from 12.75% to 13.00% on its Variable Rate Series A Perpetual Preferred Stock (the “SATA Stock”), effective for monthly periods commencing on or after April 15, 2026.
The Company has declared a dividend of $1.0833 per share of SATA Stock, payable on May 15, 2026, to stockholders of record at the close of business on May 1, 2026. Strive expects the dividend to qualify as a non-taxable return of capital to the extent of a stockholder’s tax basis in SATA Stock for U.S federal income tax purposes.
Strive also announced the purchase of an additional ~27 Bitcoin, bringing its total holdings to ~13,768 Bitcoin.
At a 13.00% SATA yield and a Bitcoin price of $74,750, Strive’s current balance sheet and structure could support SATA dividend obligations for approximately 19.6 years.
About Strive
Strive is a structured finance company and institutional asset manager focused on disciplined capital allocation and long-term value creation. With Bitcoin as our hurdle rate for capital deployment, Strive is focused on increasing Bitcoin per share to outperform Bitcoin over the long run. Strive holds approximately 13,768 Bitcoin as of April 13, 2026.
Strive Asset Management, LLC, a direct, wholly owned subsidiary of Strive and an SEC-registered investment adviser, manages over $2.5 billion in assets. Learn more at strive.com.
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, 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 respective 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.
Strive Media Contact:
media@strive.com
media@strive.com
Investor Contact:
ir@strive.com
Source: Strive, Inc.
ir@strive.com
Source: Strive, Inc.
2
FAQ
What dividend did Strive (ASST) declare on its SATA preferred stock?
Strive declared a $1.0833 per share cash dividend on its Variable Rate Series A Perpetual Preferred Stock (SATA), payable May 15, 2026 to stockholders of record on May 1, 2026, reflecting a 13.00% annual dividend rate.
How did Strive (ASST) change the SATA preferred dividend rate?
Strive’s board raised the SATA Stock regular dividend rate from 12.75% to 13.00% per annum. This 25 basis point increase applies to monthly periods beginning on or after April 15, 2026, modestly enhancing income for SATA preferred holders.
How much bitcoin does Strive (ASST) hold after its latest purchase?
Strive reported holding approximately 13,768 bitcoin as of April 13, 2026, after purchasing roughly 27 additional bitcoin. Bitcoin holdings are central to its strategy, which focuses on increasing bitcoin per share over the long term.
What cash and investment balances did Strive (ASST) report in this update?
Strive disclosed holding $89.7 million in cash and cash equivalents and $50.5 million in Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. as of April 13, 2026, providing liquidity and income-generating investments alongside its bitcoin holdings.
How long could Strive’s current structure support SATA dividends at 13%?
Strive stated that, at a 13.00% SATA yield and a bitcoin price of $74,750, its current balance sheet and capital structure could support SATA dividend obligations for approximately 19.6 years, assuming those conditions and asset levels persist.
How are Strive (ASST) SATA dividends expected to be taxed for many investors?
Strive expects SATA Stock distributions generally to be treated as return of capital to the extent they exceed earnings and profits. For many U.S. holders, this is tax-deferred up to their basis, while non-U.S. investors may avoid U.S. dividend withholding tax on such amounts.
What did Strive (ASST) say about its earnings and profits outlook?
Strive disclosed that it has no accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future, highlighting reliance on its balance sheet to fund preferred distributions.