Company Overview - Strive Inc. (NASDAQ: ASST) is a newly formed company resulting from the merger between Asset Entities Inc. and Strive Enterprises Inc. [2] - The company has finalized equity financing amounting to $750 million, with an additional $750 million potentially available through warrants [2] Recent Performance - Strive Inc. experienced a significant decline, dropping 17.86% to close at $3.68 per share, marking its fourth consecutive day of losses [1] - The decline follows a steep surge attributed to a $1.5 billion Bitcoin strategy, as investors began to book profits [1] Leadership Changes - Recent leadership changes include Matt Cole taking on the roles of chairman and CEO, while Ben Pham has been appointed as CFO [3] - Arshia Sarkhani, the former CEO of Asset Entities, has assumed the role of chief marketing officer [3] Strategic Focus - The executive team emphasizes their expertise in Bitcoin, capital markets, and governance, aiming to drive substantial shareholder value [4] - The company's mission is to increase Bitcoin per share and outperform Bitcoin over the long term [4]

Financial Data and Key Metrics Changes - The company reported a total of 355,595,750 votes out of a total of 446,091,478 votes entitled to be cast at the meeting, indicating strong shareholder engagement [11] - Approximately 90.2% of votes were in favor of the election of directors, reflecting shareholder confidence in the board [30] - The ratification of KPMG LLP as the independent public accounting firm received approximately 99.5% approval, showcasing strong support for the company's financial oversight [33] Business Line Data and Key Metrics Changes - The company is transitioning its revenue base from on-premises services to cloud-based services, indicating a strategic shift in its software business [17] - Operational and organizational efficiency measures have been implemented, including personnel reductions, to align with the software business strategy [17] Market Data and Key Metrics Changes - The company continues to focus on its Bitcoin strategy, which is central to its operations and shareholder expectations [24] - The company maintains a debt coverage of about 11% against its Bitcoin assets, indicating a strong balance sheet resilience [24] Company Strategy and Development Direction - The company is committed to its Bitcoin strategy and does not plan to diversify its investments, as this would contradict shareholder expectations [24] - The long-term strategy includes issuing securities that leverage the company's Bitcoin holdings, enhancing its capital structure [25][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to withstand significant Bitcoin price fluctuations due to its resilient balance sheet and capital structure [25][28] - The company is focused on growing its preferred stock base while remaining fully invested in Bitcoin, which is seen as the best path forward for investors [28] Other Important Information - The company is currently facing an investigation by the Pomerantz Law Firm regarding potential securities fraud claims, which management intends to defend vigorously [19][20] - The company does not plan to pay cash dividends on its common stock in the foreseeable future, but intends to pay quarterly dividends on preferred stock [21] Q&A Session Summary Question: What measures are being taken to ensure continuity in leadership? - The company has established a strong executive team led by Fong Lee, who has been with the company for about ten years and is well-positioned to continue executing the Bitcoin strategy [14][15] Question: Should the company reassess staff expenses in the IT software segment? - The company is actively working to grow its software business and has optimized operational efficiency, including personnel reductions, in line with its strategy [17] Question: Update on the Pomerantz Law Firm investigation? - The company is aware of the investigation and intends to defend against the claims, which are common in volatile stock price situations [19][20] Question: When will shareholders start receiving dividends? - The company does not intend to pay cash dividends on common stock but will pay quarterly dividends on preferred stock [21] Question: Concerns about Bitcoin acquisitions and potential risks? - The company remains fully committed to Bitcoin and believes it has a resilient balance sheet to withstand significant price drops, with no immediate concerns about liquidity [24][25][28]