what's strive?
Strive is an asset management firm that has positioned itself as a Bitcoin treasury company, focusing on maximizing Bitcoin exposure per share for shareholders. Founded with a mission to prioritize capitalism and meritocracy, it went public through a merger with Asset Entities Inc., trading on NASDAQ under the ticker ASST. The company employs innovative financial strategies, including equity swaps, acquisitions of undervalued assets, and structured credit to accumulate Bitcoin, aiming to outperform traditional benchmarks while building a substantial crypto reserve. Strive's approach involves leveraging capital markets tools like at-the-market offerings and warrant exercises to fund Bitcoin purchases without diluting shareholder value excessively. It has pursued mergers, such as with Semler Scientific, to expand its holdings, resulting in a combined treasury exceeding 10,000 BTC. The firm emphasizes long-term value creation through Bitcoin as a core asset, integrating it into its investment thesis to provide investors with direct exposure to cryptocurrency growth via publicly traded securities.
Strive filed an SEC prospectus for $DGCR, an actively managed Digital Credit ETF targeting Bitcoin treasury debt.
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x.com/striveFiled a prospectus with the SEC for a Digital Credit ETF with ticker $DGCR, an actively managed fund targeting debt instruments issued by Bitcoin treasury companies including convertible bonds and structured credit.
Acquired 317 BTC in one week, bringing total Bitcoin holdings to 13,627 BTC valued at $944 million.
Holds 7,525 BTC (approximately $0.52B) on balance sheet as institutional treasury reserves.
Vanguard Group increased its stake in Strive to 27.63 million shares worth $17.6 million.
Strive announces a new $500M At-The-Market (ATM) offering to purchase additional Bitcoin for its treasury.
Strive operates with no debt or convertible bonds on its balance sheet.
Strive purchases $162M worth of Bitcoin (1,567 BTC) for its corporate treasury.
As of November 7, Strive trades at 3.4x its Bitcoin holdings value (mNAV), the highest premium among peer companies including BSTR (1.6x) and MicroStrategy (1.1x).
$SATA trades at approximately $80, below its $100 par value, creating a current yield of roughly 15%. Institutional investor $NODE requests an allocation in the preferred security.
Strive launches $SATA, a new Perpetual Preferred Stock targeting $100 per share with an initial annual dividend yield of 12%, paid monthly.
ASST token launches 24/7 leveraged trading on Vest Markets with up to 5x leverage, zero fees, and no KYC requirements for both long and short positions.
ASST trades below its modified Net Asset Value (mNAV < 1), indicating the market values the company below its underlying Bitcoin holdings.
The merger between Strive and Semler creates a combined 10,900 Bitcoin treasury in what's described as the first major acquisition in the Bitcoin treasury sector.
Asset Entities shareholders approve merger to form publicly-traded Bitcoin Treasury Company with ticker $ASST.
$1.5B capital commitment announced for Bitcoin treasury operations.
Strategic pivot to publicly-traded bitcoin treasury company announced.
Closes $750M Bitcoin-focused deal as part of broader institutional adoption trend.