Core Viewpoint - Strive Asset Management, LLC (NASDAQ: ASST) is recognized as a small-cap stock that insiders are actively purchasing, despite a recent price target reduction by Maxim to $20 from $30, maintaining a Buy rating due to its Bitcoin accumulation narrative and strong balance sheet [1][5]. Financial Performance - As of March 19, 2026, Strive Asset Management reported an adjusted EPS of ($4.73) and revenue of $1.5 million, while holding 13,628 bitcoins as of March 17, 2026 [2]. - The company emphasizes its focus on digital credit as a significant market opportunity, with its SATA product designed to provide yield with limited volatility [2]. Analyst Coverage - B. Riley analyst Fedor Shabalin initiated coverage on Strive Asset Management with a Buy rating and a price target of $12, highlighting the company's compelling business model that combines bitcoin treasury and asset management [3].

Core Insights - The annual conference, Strategy World, highlighted the potential of digital assets to reshape corporate balance sheets, with a notable shift in focus towards STRC, the firm's variable-rate preferred share, rather than Bitcoin itself [1][2] Company Developments - Strategy's co-founder and Executive Chairman, Michael Saylor, emphasized STRC during the conference, indicating a strategic pivot towards marketing and ecosystem development for this product [2][3] - STRC has raised over $1.5 billion since the conference, accounting for 33% of its market cap, which includes a $2.5 billion public offering from the previous year [4] - The company executed its largest Bitcoin purchase of the year, acquiring over $1.5 billion worth in a week, funded by STRC sales [4] Product Mechanics - STRC is designed to trade near its $100 par value, with mechanisms in place to issue more shares or adjust dividends based on market performance to maintain this target [5] - Saylor has compared STRC's potential impact to that of the "iPhone moment" for the company, indicating its significance as a consumer product [5] Market Context - The introduction of SATA by Strive, a product modeled after STRC, which offers a higher annual return of 12.75%, suggests a competitive landscape for preferred shares in the crypto market [5] - Both Strategy and Strive are positioned similarly in terms of enterprise value relative to their Bitcoin holdings, indicating a shared market opportunity [6]

Core Insights - Strive, Inc. reported its financial results for Q4 2025, highlighting significant achievements since its public listing in September 2025, particularly in structured finance focused on digital credit [1][2][3] Financial Performance - The company accumulated a total of 13,628 bitcoin as of March 17, 2026, with various sources contributing to this total, including 5,048 bitcoin from the acquisition of Semler Scientific, Inc. [3] - Strive achieved a Bitcoin Yield of 22.2% in Q4 2025 and 13.8% quarter-to-date (QTD) as of March 17, 2026 [3] - The company generated a Bitcoin Gain of ₿1,305 BTC in Q4 2025 and ₿1,050 QTD as of March 17, 2026, translating to a Bitcoin $ Gain of $114.3 million in Q4 2025 and $78.2 million QTD [3] - As of March 17, 2026, Strive's cash and cash equivalents totaled $83.7 million, with a fair value of $50.4 million in STRC Stock [3] Stock and Equity - Strive completed a registered public offering of 2,000,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) at $80.00 per share, resulting in net proceeds of approximately $148.4 million [3] - The company also executed a follow-on registered public offering of 1,320,000 shares of SATA Stock at $90.00 per share, yielding net proceeds of approximately $109.2 million [3] - Strive's total assets reached $745.5 million as of December 31, 2025, compared to $28.2 million in the previous year [5] Losses and Adjustments - Strive reported a GAAP net loss of $393.6 million for the period from September 12, 2025, to December 31, 2025, with a significant portion attributed to the fair market value decrease in bitcoin holdings [3][9] - The non-GAAP adjusted net loss attributable to common stockholders was $208.2 million, or $4.73 per diluted common share, reflecting adjustments for non-recurring and non-cash items [3][12] Strategic Focus - The company aims to build a track record of success for its digital credit product, SATA, targeting double-digit yields with minimal volatility [4] - Strive is focused on maximizing value for stockholders, accumulating bitcoin, and outperforming bitcoin over the long run [27]

RT hope (GBP, USD, EUR) (@hope_currencies)hopeGBP is a Money Market + fund with a 10% allocation to $STRC.As of this morning, STRC is now contributing only 0.15% annualised vol to the portfolio with a 1.15% yield contribution.That means STRC is now beating many of our "best in class" money market funds on a volatility basis, with 4x the yield...Check out our hopeGBP vs Money Market comparison table for yourself https://t.co/KnxCs058Qg$SATA and @Strive we look forward to welcoming you soon🤝*Note we scrape en ...

Core Viewpoint - The significant decline in Bitcoin's price from its peak of approximately $126,000 in October 2025 to around $70,000 by early March 2026 has created investment opportunities, particularly in the digital asset treasury company Strive, which has been rated "Buy" by B. Riley Securities with a target price of $12, indicating a potential upside of about 30% from its trading price of $9.32 [1][4] Company Overview - Strive is a Dallas-based digital asset treasury company (DATCO) focused on accumulating Bitcoin and increasing its Bitcoin per share over time, functioning as a BTC savings vehicle [5] - The company went public in September 2025 through a reverse merger with Asset Entities Inc., becoming the first publicly traded Bitcoin treasury asset management firm [5] Impact of Bitcoin Selloff - The selloff of Bitcoin, which fell over 45%, significantly affected DATCOs, leading to a sharp compression in "mNAV premiums," meaning the stock became cheaper relative to the actual Bitcoin held by the company [6] - B. Riley analyst Fedor Shabalin described this situation as a "stress test" for the DATCO model, suggesting the industry is at a critical inflection point [6] Key Developments for Strive - The first key development is the introduction of digital credit, with Strive issuing a preferred stock instrument called SATA, which offers a 12.75% annual dividend rate, and has sufficient reserves to cover 18 months of dividend payments [8] - The second development involves diversification beyond passive Bitcoin buying, highlighted by Strive's acquisition of Semler Scientific in early 2026, which adds both Bitcoin and a medical technology business to its portfolio [8]

Core Viewpoint - Strive, Inc. believes that Digital Credit represents a multi-trillion-dollar opportunity, focusing on improving credit quality and reducing volatility for its Digital Credit product, SATA [1] Financial Updates - Strive has increased the SATA dividend rate by 25 basis points to 12.75%, declaring a dividend of $1.0625 per share for stockholders of record as of April 1, 2026, payable on April 15, 2026 [4] - The targeted price range for SATA has been narrowed to $99-$101 from the previous range of $95-$105 [4] - Strive's cash and cash equivalents amounted to $143.4 million as of March 9, 2026, with $50 million used to purchase shares of STRC [4] - The company holds approximately 13,311 Bitcoin as of March 9, 2026, having purchased an additional 179 Bitcoin since the last filing [4] Investment Strategy - Strive's acquisition of STRC is viewed as a high-quality credit instrument with a favorable risk-return profile, providing higher yield and greater liquidity compared to traditional fixed income assets [1] - The company aims to optimize its capital structure and rethink capital allocation strategies, positioning itself for long-term financial strength and improved credit quality [1] - Strive's strategy includes maintaining a disciplined approach to Bitcoin accumulation, with both STRC and SATA seen as compelling investment opportunities for corporate balance sheets [1]

Core Viewpoint - Strive has successfully closed an upsized follow-on offering of its preferred stock, raising a total of $225 million, which includes a significant debt reduction from its acquisition of Semler Scientific [1][2]. Group 1: Financial Actions - Strive increased its fundraising target from $150 million to $225 million, which includes a $90 million note exchange that involved issuing 930,000 shares of SATA to eliminate $90 million of a $100 million convertible note due in 2030 [1][2]. - The company sold 1,320,000 shares of SATA at $90 per share, generating $118.8 million in proceeds [2]. - Strive has retired $110 million of the $120 million debt inherited from Semler Scientific, with plans to eliminate the remaining $10 million by April 2026 [3]. Group 2: Asset Management - Following the retirement of the Coinbase loan, Strive's Bitcoin holdings are now fully unencumbered [2]. - With the proceeds from the fundraising, Strive acquired 333.89 Bitcoin at an average price of $89,851, increasing its total Bitcoin holdings to 13,131.82 [3]. Group 3: Market Performance - At the time of publishing, Strive's stock was down 3.15% after market open [3].

Core Viewpoint - Strive plans to raise $150 million through a follow-on sale of its Variable Rate Series A Perpetual Preferred Stock, SATA, to manage debt and acquire more bitcoin [1][2]. Group 1: Financial Strategy - The proceeds from the SATA sale will be used to repay or repurchase portions of debt from Semler Scientific, which Strive acquired in an all-stock transaction [1]. - Funds will also be allocated to discharge Semler's borrowings from Coinbase Credit and to facilitate further bitcoin acquisitions [1]. Group 2: Stock and Dividend Information - SATA stock is valued at $100 for dividend calculations, with an initial annual payout rate of 12.25%, which can be adjusted downward within strict limits [3]. - Unpaid dividends on SATA compound monthly and can increase up to 20% annually [3]. - As of the latest trading session, SATA stock closed at $99.50, while Strive's common shares increased by 0.8% to 89 cents [3]. Group 3: Negotiations and Market Position - Strive is negotiating private exchanges with certain noteholders to swap convertible notes for SATA stock, which would be exempt from registration and not generate cash proceeds [2]. - Strive holds the 11th-largest bitcoin stash among publicly traded companies, indicating a significant position in the market [2].

Core Viewpoint - Strive, Inc. has successfully acquired Semler Scientific, Inc., marking a significant milestone as the first acquisition of a publicly traded Bitcoin treasury company, which will enhance Strive's Bitcoin holdings and operational strategy [1][4]. Group 1: Acquisition Details - Semler Scientific stockholders approved the acquisition by Strive, which includes the transfer of 5,048.1 Bitcoin [1]. - Strive has also purchased an additional 123 Bitcoin for its corporate treasury at an average price of $91,561 per Bitcoin, totaling $11,264,000, increasing its total Bitcoin holdings to 7,749.8 [2]. - Post-acquisition, the combined entity will hold 12,797.9 Bitcoin, positioning it as the 11th largest corporate holder of Bitcoin, surpassing both Tesla and Trump Media & Technology Group [2]. Group 2: Financial Strategy - Strive plans to monetize Semler Scientific's operating business within 12 months of the transaction close and aims to retire Semler Scientific's $100 million convertible note and $20 million Coinbase loan, depending on market conditions [3]. - The acquisition is expected to boost Strive's Bitcoin yield to over 15% in the first quarter of 2026, continuing its yield generation strategy since the inception of its Bitcoin operations [4]. - Strive intends to issue more preferred equity (SATA) over the next 12 months to support its strategic goals, including retiring legacy debt [4]. Group 3: Corporate Structure and Governance - Strive is recognized as the second company globally to have a publicly traded perpetual preferred equity instrument (SATA) backed by a Bitcoin balance sheet, offering a unique risk profile to fixed income investors [5]. - A 1-20 reverse stock split for Class A and Class B common stock has been approved to align share prices with institutional participation standards [5][6]. - Following the merger, Semler Scientific's Executive Chairman, Eric Semler, will join Strive's Board of Directors [7]. Group 4: Company Background - Strive, Inc. is the first publicly traded asset management Bitcoin treasury company, currently managing over $2 billion in assets and holding 7,749.8 Bitcoin [8]. - Semler Scientific, Inc. is a leader in medical devices and software for chronic diseases and is the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset [10].

Group 1 - Semler Scientific CEO Douglas Murphy Chutorian filed to sell up to $30 million worth of shares, indicating a potential desire to monetize equity before the merger completion [1] - The filing reveals the intent to sell up to 1.52 million shares at a price of $20.02 per share, based on the closing price on the day prior to the filing [1] - Semler announced a merger offer with Strive at a 210% premium to its stock price, valued at $471 million, which led to a 24% increase in stock price on the announcement day [1] Group 2 - The all-stock merger structure will primarily compensate Semler shareholders with Strive's equity, aligning ownership interests post-acquisition [2] - This type of merger can enhance liquidity for shareholders while concentrating governance within the combined entity [2] - Strive recently raised $149.3 million through an upsized and oversubscribed initial public offering of its Variable Rate Series A Perpetual Preferred Stock [2]