Core Viewpoint - Strive, Inc. successfully closed a follow-on offering of 1,320,000 shares of its Variable Rate Series A Perpetual Preferred Stock at a price of $90 per share, reflecting strong investor demand and a strategic move to manage its debt effectively [1][2]. Group 1: Offering Details - The follow-on offering generated over $600 million in demand, leading to an increase in the target raise from $150 million to $225 million [2]. - The company retired $110 million of the $120 million debt from the Semler Scientific acquisition, with plans to retire the remaining $10 million by April 2026 [2]. Group 2: Debt Management - Strive retired $90 million of the $100 million outstanding 4.25% Convertible Senior Notes due 2030 through an exchange for approximately 930,000 shares of SATA Stock [3]. - A portion of the proceeds from the SATA Stock offering was used to retire a $20 million loan with Coinbase Credit Inc., resulting in 100% of Strive's Bitcoin holdings being unencumbered [3]. Group 3: Bitcoin Holdings and Performance - As of January 28, 2026, Strive acquired 333.89 Bitcoin at an average price of $89,851, bringing its total Bitcoin holdings to 13,131.82, making it the tenth largest public corporate holder of Bitcoin globally [4]. - Strive's amplification ratio is 37.2%, with 97.7% derived from preferred equity, and the quarter-to-date Bitcoin yield stands at 21.17% [4]. Group 4: Company Growth and Strategy - The successful completion of the oversubscribed SATA follow-on offering indicates robust investor demand for digital credit and highlights the effective execution of Strive's corporate strategy [5]. - Since launching its first ETF in August 2022, Strive Asset Management has grown to manage over $2.3 billion in assets [6].

Core Viewpoint - Strive, Inc. plans to conduct a $150 million follow-on offering of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) to finance various corporate activities, including the redemption of convertible notes and acquisition of bitcoin-related products [1][2]. Group 1: Offering Details - The offering will be registered under the Securities Act of 1933 and is subject to market conditions [1]. - Strive intends to use the net proceeds to finance the redemption and repayment of Semler Convertible Notes, acquire bitcoin, and for general corporate purposes [2]. - The company is negotiating exchanges of Semler Convertible Notes for SATA Stock, which may reduce the size of the follow-on offering [3]. Group 2: Dividend Structure - SATA Stock accumulates cumulative dividends at a variable rate of 12.25% per annum, payable monthly in arrears starting February 15, 2026 [4]. - Strive has the discretion to adjust the monthly regular dividend rate, subject to certain restrictions [4]. - If regular dividends are unpaid, compounded dividends will accumulate at a rate of 12.25% plus 25 basis points, increasing by 25 basis points per month up to a maximum of 20% per annum [4]. Group 3: Redemption Rights - Strive has the right to redeem SATA Stock at a cash price of $110 per share, plus any accumulated dividends [6]. - The company can initiate a "clean-up redemption" if the total outstanding shares fall below 25% of the initial offering [6]. - Holders of SATA Stock have the right to require Strive to repurchase shares at a cash price equal to the stated amount plus accumulated dividends in the event of a "fundamental change" [7]. Group 4: Financial Position - Strive established an initial dividend reserve of $12.00 per share at the IPO Closing and plans to increase it to $12.25 per share with the new offering [5]. - As of January 16, 2026, Strive holds approximately 12,797.6 bitcoin and manages over $2.3 billion in assets [12]. Group 5: Management and Advisors - Barclays and Cantor are acting as joint book-running managers for the offering, with Clear Street as a co-manager [9]. - The offering is being made under an effective shelf registration statement filed with the SEC [10].

Core Viewpoint - Strive, Inc. has announced an increase in the annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock to 12.25%, reflecting its commitment to enhancing shareholder value while managing its capital structure effectively [1][2]. Dividend Information - The new annual dividend rate of 12.25% is based on a stated amount of $100 per share, resulting in an annual dividend of approximately $12.25 per share [2]. - The next monthly dividend of $1.0208 per share is declared, payable on January 15, 2026, to holders of record as of January 1, 2026 [3]. Company Overview - Strive is the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share to outperform Bitcoin over the long term [4]. - As of November 7, 2025, Strive holds approximately 7,525 bitcoins and has grown to manage over $2 billion in assets since launching its first ETF in August 2022 [4].

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].