Core Thesis - Strive Asset Management, LLC is positioned as a pioneering "Bitcoin Treasury Asset Management" firm following a strategic overhaul and reverse merger, aiming to enhance "Bitcoin per share" for investors [2][3] Company Transformation - The transformation involved a reverse merger between Strive Enterprises and Asset Entities Inc., leading to its public listing on Nasdaq under the ticker ASST [2] - Strive's model is similar to MicroStrategy, focusing on accumulating Bitcoin to increase shareholder value [2] Financial Position - Strive completed an all-stock acquisition of Semler Scientific, which holds Bitcoin as its primary treasury reserve, and reported 7,525 Bitcoin valued at over $660 million on its balance sheet [3] - The company raised $160 million through a Series A Perpetual Preferred Stock offering to acquire more Bitcoin without diluting common shareholders [3] Asset Management Business - Strive Asset Management manages over $2 billion across ETFs that emphasize "unapologetic capitalism" and meritocracy, distancing itself from traditional ESG metrics [4] - The stock has experienced significant volatility, trading between $0.36 and over $10 in 2025, currently at $0.86, reflecting a high correlation to Bitcoin prices [4] - Management anticipates the asset management business will reach breakeven or slight profitability by 2026 [4] Future Plans - Strive plans to introduce AI-driven financial products to personalize ETF investment strategies, representing a blend of traditional asset management and cryptocurrency holdings [5] - The company offers speculative investment opportunities with potential upside linked to Bitcoin performance and the adoption of its anti-ESG ETFs [5]

Company Overview - Strive, Inc. or Strive Asset Management (ASST) has seen a significant decline of over 10% in its stock price, dropping from $3.35 to around $3.01 to $3.02 as of September 24 [1] - The stock has traded between $3.03 and $3.20, indicating ongoing downward pressure [1] Trading Activity - Current trading volume is over 2.6 million shares, which is below the average of 7.5 million, suggesting reduced momentum [2] - The shares are under heavy selling pressure, reflecting a double-digit percentage decline [2] Business Strategy - Strive, Inc. is positioning itself as a Bitcoin treasury asset manager, integrating its investment arm with a strategy of holding Bitcoin directly on its balance sheet [3] - The company was co-founded by Vivek Ramaswamy, who emphasizes "shareholder primacy" and anti-ESG rhetoric in its mission [3] Product Offerings - Strive offers ETFs and separately managed accounts (SMAs) that include customization features and tax-loss harvesting functionality [4] Recent Acquisition - On September 22, Strive announced an all-stock acquisition of Semler Scientific valued at approximately $1.34 billion, with Semler shareholders receiving 21.04 Strive shares for each Semler share, equating to $90.52 per share [5] - This acquisition is expected to enhance Strive's Bitcoin strategy, as it plans to acquire an additional 5,816 BTC valued at $675 million, leading to a total holding of over 10,900 BTC post-merger [6] Market Reaction - As of the time of writing, Semler Scientific (SMLR) has experienced a 2.27% downturn, while ASST's price decline is attributed to concerns over dilution and governance issues related to the upcoming merger [7]