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]