DALLAS, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced an increase in the dividend rate on its Variable Rate Series A Perpetual Preferred Stock (the “SATA Stock”), raising the annual dividend rate to 12.25%, up from 12.00%. The increased dividend reflects Strive’s continued commitment to enhancing shareholder value while maintaining disciplined management of its capital structure. The annual dividend rate is based on the $100 stated amount per ...

Core Viewpoint - Strive, Inc. has announced a sales agreement to issue and sell shares of its Variable Rate Series A Perpetual Preferred Stock with an aggregate offering price of up to $500 million through an at-the-market program [1][2]. Group 1: Financial Details - The net proceeds from the ATM Program will be utilized for general corporate purposes, including the acquisition of bitcoin, working capital, purchasing income-generating assets, share repurchases, and debt repayment [2]. - Strive holds approximately 7,525 bitcoins as of November 7, 2025, and has grown to manage over $2 billion in assets since launching its first ETF in August 2022 [5]. Group 2: Stock Offering Mechanics - The SATA Stock may be sold by sales agents through methods defined as "at-the-market offerings" under the Securities Act of 1933 [3]. - The sale of SATA Stock is offered pursuant to a prospectus supplement filed with the SEC on December 9, 2025, under an existing automatic shelf registration statement effective since September 15, 2025 [4]. Group 3: Company Overview - Strive is the first publicly traded asset management Bitcoin treasury company, focused on increasing Bitcoin per share to outperform Bitcoin over the long run [5].

Core Insights - Strive, Inc. has reported significant progress in its Bitcoin accumulation strategy, becoming the first publicly traded Bitcoin treasury asset management firm following a reverse acquisition of Asset Entities Inc. [3][4] - The company raised $762.6 million through a PIPE financing transaction and plans to acquire Semler Scientific, Inc. to enhance shareholder value and Bitcoin exposure [3][4] - Strive's financial results for Q3 2025 show a GAAP net loss of $192.3 million, primarily due to non-recurring and non-cash items [4][9] Financial Performance - Strive accumulated 5,886 Bitcoin at a total cost of $683.0 million, with a fair value of $672.9 million as of September 30, 2025, increasing to 7,525 Bitcoin by November 7, 2025 [4][9] - The company reported total revenues of $255,000 for the period from September 12, 2025, to September 30, 2025, with investment advisory fees contributing $246,000 [9][12] - Operating expenses totaled $19.5 million, leading to a net operating loss of $44.1 million for the same period [9][12] Capital Structure and Financing - Strive completed a public offering of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock, generating net proceeds of approximately $149.3 million [4][9] - The company has the potential to raise an additional $736.6 million through the exercise of remaining warrants [4] - Strive's total assets reached $792.6 million as of September 30, 2025, compared to $28.2 million at the end of the previous year [6][7] Strategic Initiatives - The merger with Semler Scientific is expected to create synergies between Strive's Bitcoin strategy and Semler's medical device business, enhancing future value for shareholders [3][4] - Strive aims to implement a new executive leadership structure for Semler to focus on preventative healthcare, mirroring successful models from the biotech sector [4] - The company has launched a Bitcoin treasury dashboard on its website to provide ongoing information about its Bitcoin holdings and financial metrics [4]

Core Viewpoint - Strive, Inc. has announced the upsizing and pricing of its initial public offering of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock at a price of $80 per share, raising approximately $160 million in gross proceeds [1][2]. Offering Details - The offering includes an increase of 750,000 shares from the previously announced amount, with settlement scheduled for November 10, 2025 [1]. - The net proceeds will be used for general corporate purposes, including the acquisition of bitcoin, working capital, and share repurchases [2]. Dividend Structure - The SATA Stock will have a stated amount of $100 per share and will accumulate cumulative dividends at a variable rate, starting with an initial monthly dividend rate of 12.00% [3]. - Dividends will be payable monthly in arrears, beginning December 15, 2025, and can be adjusted by the company under certain conditions [3]. Dividend Reserve - At the closing of the offering, Strive plans to establish a dividend reserve equal to the first 12 months of dividend payments, amounting to $12.00 per share of SATA Stock [4]. Redemption Rights - Strive has the right to redeem the SATA Stock at a cash redemption price of $110 per share after the stock is listed on a major exchange, with certain conditions for redemption [5][6]. - Redemption can occur if the total number of outstanding shares falls below 25% of the original issuance or if specific tax events occur [6]. Liquidation Preference - The initial liquidation preference for the SATA Stock is set at $100 per share, with adjustments based on market conditions [8]. Company Background - Strive is the first publicly traded asset management Bitcoin treasury company, holding approximately 5,957.9 bitcoins as of October 27, 2025, and managing over $2 billion in assets since launching its first ETF in August 2022 [11].