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Strive Inc
(NASDAQ:ASST)
Strive Inc (ASST) vs. SPDR S&P 500 ETF (SPY)
Strive Inc Business Overview & Revenue Model
Strive Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.54M | 633.49K | 277.04K | 343.11K | 829.62K | 208.57K |
| Gross Profit | -641.91K | 630.78K | 276.30K | 343.11K | 829.62K | 206.65K |
| EBITDA | -13.01M | -6.40M | -4.93M | -645.25K | 14.87K | 0.00 |
| Net Income | -13.06M | -6.39M | -4.93M | -645.25K | 14.87K | ― |
Balance Sheet | ||||||
| Total Assets | 792.58M | 3.22M | 3.08M | 373.02K | 58.73K | 10.36K |
| Cash, Cash Equivalents and Short-Term Investments | 109.07M | 2.66M | 2.92M | 137.18K | 33.73K | 10.36K |
| Total Debt | 3.60M | 0.00 | 0.00 | 214.59K | 9.14K | 0.00 |
| Total Liabilities | 13.15M | 430.89K | 153.54K | 219.24K | 15.59K | 7.09K |
| Stockholders Equity | 779.43M | 2.79M | 2.92M | 153.78K | 43.14K | 3.27K |
Cash Flow | ||||||
| Free Cash Flow | -33.80M | -21.62M | -17.39M | -602.83K | 23.37K | 10.36K |
| Operating Cash Flow | -33.61M | -21.60M | -16.42M | -602.83K | 23.37K | 10.36K |
| Investing Cash Flow | -658.39M | -3.20M | 527.65K | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 795.48M | 28.86M | 5.00M | 706.27K | 0.00 | 0.00 |
Strive Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $702.69M | 8.21 | 11.92% | 11.47% | -12.17% | -14.93% | |
73 Outperform | $791.19M | 25.90 | 10.40% | 4.56% | 81.45% | -26.75% | |
70 Outperform | $818.32M | 9.09 | 9.07% | 10.80% | -6.30% | -6.92% | |
67 Neutral | $666.73M | 8.79 | 8.46% | 14.71% | -8.32% | -33.94% | |
65 Neutral | $813.38M | 9.06 | 6.53% | 11.65% | -7.77% | 13.95% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
45 Neutral | $1.02B | -0.99 | -54.47% | ― | ― | ― |
Strive Inc Corporate Events
On January 28, 2026, Strive Inc. announced the closing of an upsized and oversubscribed follow-on offering of 1,320,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) at $90 per share, generating about $109.2 million in net proceeds as part of a $225 million capital raise when combined with concurrent exchanges of Semler Scientific notes. The strong institutional demand for Strive’s digital credit allowed the company to retire $90 million of Semler’s 4.25% Convertible Senior Notes due 2030 through a stock-for-notes exchange and pay down a $20 million Coinbase loan, eliminating encumbrances on its Bitcoin holdings and retiring roughly 92% of the $120 million debt assumed in the Semler acquisition just 11 days after that deal closed, with plans to retire the remaining $10 million by April 2026. Strive also disclosed that it had acquired 333.89 additional bitcoin at an average price of $89,851, bringing its holdings to 13,131.82 bitcoin and positioning it as the tenth-largest public corporate holder of Bitcoin, with management highlighting a preferred equity–driven capital structure and a reported amplification ratio of 37.2% as central to its strategy of running a “Bitcoin-powered” corporate treasury.
The most recent analyst rating on (ASST) stock is a Sell with a $0.82 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On January 22, 2026, Strive, Inc. entered into an underwriting agreement with Barclays Capital and Cantor Fitzgerald for an upsized underwritten follow-on offering of 1,320,000 shares of its Variable Rate Series A Perpetual Preferred SATA Stock at $90 per share, expected to close on January 27, 2026 and generate gross proceeds of about $118.8 million. Strive plans to use the net proceeds, along with cash on hand and potential proceeds from unwinding capped call transactions, primarily to redeem or repurchase a portion of Semler Scientific’s 4.25% Convertible Senior Notes due 2030 and its borrowings under a Coinbase Credit master loan, to advance its shift back to a perpetual-preferred-only amplification model, as well as to acquire bitcoin and bitcoin-related products and for working capital and general corporate purposes. Also on January 22, 2026, Strive announced that it expects to enter privately negotiated exchange agreements with holders of $90 million aggregate principal amount of the Semler Convertible Notes, to be swapped for approximately 930,000 newly issued shares of SATA Stock, a move that, together with the cash offering, could retire debt, deepen the company’s reliance on its high-yield preferred equity structure, and further entrench its bitcoin-centric treasury strategy, although the exchanges remain subject to binding documentation and customary closing conditions.
The most recent analyst rating on (ASST) stock is a Hold with a $0.87 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On January 21, 2026, Strive announced plans for a $150 million public follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, with net proceeds earmarked to redeem or repurchase some or all of the 4.25% Semler Convertible Notes, pay down Semler Scientific’s borrowings under a loan facility with Coinbase Credit, return the business to a perpetual-preferred-only capital structure, acquire bitcoin and bitcoin-related products, and fund general corporate purposes and working capital. The company is simultaneously negotiating private exchanges of existing Semler Convertible Notes into SATA Stock, which could reduce the size of the public offering but will not generate cash proceeds, and detailed the mechanics of SATA Stock’s 12.25% variable dividend, compounding features, redemption and repurchase rights for both Strive and investors, and an enhanced 12‑month dividend reserve funded at closing to support consistent payouts and potentially stabilize trading within a targeted price range.
The most recent analyst rating on (ASST) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On January 16, 2026, Strive completed its previously announced merger with Semler Scientific, with Semler becoming a wholly owned subsidiary and each Semler share converted into the right to receive 21.05 Strive Class A common shares; in connection with the deal, Semler’s 4.25% Convertible Senior Notes due 2030 were amended via a supplemental indenture so that they are now convertible into Strive stock, guaranteed by Strive, with an adjusted initial conversion rate of 275.3887 shares per $1,000 principal amount and up to 34,423,480 Strive shares initially issuable on conversion of the $100 million of notes outstanding. The transaction consolidates two prominent corporate bitcoin treasuries, leaving Strive with roughly 12,797.9 bitcoin and elevating it to the 11th-largest public corporate holder globally, while also reshaping its leadership bench with the appointment of Avik Roy as chief strategy officer to drive monetization and expansion of Semler’s early disease detection business, alongside new board and executive roles for former Semler leaders Eric Semler and Joe Burnett, moves that signal an effort to blend digital-asset treasury strategy with growth in healthcare technology operations.
The most recent analyst rating on (ASST) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On January 15, 2026, Strive Inc. announced that its board of directors declared a cash dividend of $1.0208 per share on its Variable Rate Series A Preferred Stock, reflecting a 12.25% annual dividend rate, payable on February 15, 2026 to stockholders of record as of February 1, 2026. The company noted that, because it has no accumulated earnings and profits and does not expect to generate current earnings and profits in the near term, distributions on this preferred stock may generally be treated as tax-deferred return of capital for U.S. investors and exempt from U.S. dividend withholding tax for non-U.S. investors, a classification that could be significant for shareholder tax planning and after-tax yield considerations.
The most recent analyst rating on (ASST) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On January 13, 2026, Strive, Inc. and Semler Scientific announced that Semler shareholders had approved Strive’s all-stock acquisition, under which Strive will obtain Semler’s 5,048.1 Bitcoin and combine it with Strive’s treasury to create a post-closing position of 12,797.9 Bitcoin, making the merged entity the 11th-largest corporate holder of the cryptocurrency and surpassing the holdings of Tesla and Trump Media & Technology Group. Strive reported that between January 1 and January 12, 2026, it had already purchased 123 additional Bitcoin for $11.3 million, and outlined plans after closing to monetize Semler’s operating healthcare business and pursue retiring Semler’s $100 million convertible note and $20 million Coinbase loan while funding its Bitcoin-centric strategy through expanded issuance of its SATA perpetual preferred equity; the company also disclosed a 1-for-20 reverse stock split approved in conjunction with the merger and the planned addition of Semler Scientific Executive Chairman Eric Semler to Strive’s board, moves aimed at reducing leverage, sharpening its focus on Bitcoin operations, and broadening institutional access to its equity and preferred instruments.
The most recent analyst rating on (ASST) stock is a Hold with a $0.87 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
The available text from Strive Inc. consists only of a brief legal-reference statement incorporating prior financial information by reference and introducing a cautionary statement, without providing details on the company’s business, financial results, or operational developments. As no specific data, dates, or descriptions of events are included, the release offers no substantive information about Strive Inc.’s performance, strategy, or implications for investors and other stakeholders.
The most recent analyst rating on (ASST) stock is a Hold with a $0.83 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On December 15, 2025, Strive Inc. announced an increase in the annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock from 12.00% to 12.25%, effective for monthly periods starting December 16, 2025. This move reflects Strive’s commitment to enhancing shareholder value. The board also declared a cash dividend of $1.0208 per share, payable on January 15, 2026, to stockholders of record as of January 1, 2026. The dividends are expected to qualify as a Return of Capital, offering tax benefits to investors. This adjustment in dividend policy is part of Strive’s strategic management of its capital structure, potentially impacting its market positioning and shareholder relations.
The most recent analyst rating on (ASST) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Strive Inc stock, see the ASST Stock Forecast page.
On December 9, 2025, Strive Inc. entered into a $500 million Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co., Barclays Capital Inc., and Clear Street LLC to sell shares of its Variable Rate Series A Perpetual Preferred Stock. The proceeds are intended for general corporate purposes, including Bitcoin acquisitions and business growth. Additionally, Strive announced a letter agreement with Vivek Ramaswamy for potential conversion of Class B to Class A common stock.
On November 17, 2025, Strive, Inc. announced a cash dividend of $1.1333 per share for its Variable Rate Series A Perpetual Preferred Stock, with payment scheduled for December 15, 2025. The dividend, calculated from the issuance date of November 10, 2025, will be tax-deferred for U.S. investors and exempt from U.S. dividend withholding tax for non-U.S. investors, as the company does not have accumulated earnings and profits.
Strive Inc. has announced a pending merger with Semler Scientific, Inc., which was agreed upon on September 22, 2025. The merger involves an all-stock acquisition of Semler Scientific by Strive, with the boards of both companies having unanimously approved the agreement. The merger is expected to impact the financial operations and strategic positioning of the combined company, although the specific outcomes remain uncertain due to various risks and assumptions involved.
Strive, Inc. announced that between October 28, 2025, and November 9, 2025, it purchased approximately 1,567.2 bitcoin at an average price of $103,315.46 per bitcoin, totaling $161,912,220. These acquisitions were funded through the issuance of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock and proceeds from warrant exercises. As a result, Strive’s total bitcoin holdings increased to approximately 7,525 bitcoin, positioning the company as one of the top corporate holders of bitcoin.
On November 10, 2025, Strive, Inc. announced the successful closing of its initial public offering of 2,000,000 shares of its Variable Rate Series A Perpetual Preferred Stock, known as SATA Stock, at $80 per share. Despite a dip in Bitcoin prices, the offering was oversubscribed, highlighting strong investor demand. This move positions Strive as a leader in Bitcoin treasury management, using the proceeds to enhance its Bitcoin holdings and provide strategic financial benefits to its stakeholders.
On November 3, 2025, Strive, Inc. announced its intention to conduct an initial public offering of 1,250,000 shares of its Variable Rate Series A Perpetual Preferred Stock, subject to market conditions. The proceeds from this offering are intended for general corporate purposes, including acquisitions and capital expenditures, potentially impacting Strive’s market positioning and stakeholder interests.
On October 27, 2025, Strive, Inc. received approximately $8.26 million through the exercise of traditional warrants linked to its private investment in public equity financing. This transaction is seen as a boost to Strive’s financial position, showcasing investor confidence in its long-term strategy. The funds were used to purchase 72.3 bitcoin, increasing Strive’s total bitcoin holdings to approximately 5,957.9, with a total acquisition cost of $691.3 million.