Key Takeaways:
- Strive expanded its bitcoin holdings through purchases and the Semler Scientific merger.
- Medical-device revenue helped lift quarterly sales, while fair-value losses drove a large deficit.
- Daily SATA dividends are expected to begin soon, pending board declarations.
Strive Inc. (Nasdaq: ASST) filed its quarterly report with the U.S. Securities and Exchange Commission (SEC) on May 14, reporting 15,009 bitcoin as of May 12 after additional bitcoin purchases and debt repayment activity. The company listed $929.4 million in digital assets at March 31, before later disclosing updated cash holdings and a $50.5 million position in Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
Semler Scientific’s merger added 5,048 bitcoin and medical-device operations to Strive. From April 1 to May 12, Strive bought 1,381 bitcoin at an average price of about $76,524. The company had assumed $100 million of Semler Scientific’s 4.25% convertible senior notes due 2030 during the merger, later exchanging $90 million into SATA preferred stock before repurchasing the remaining $10 million balance after quarter-end.
“As of May 12, 2026, the Company has no short or long-term debt outstanding,” Strive stated, adding:
“As of May 12, 2026, our cash and cash equivalents totaled $87.6 million, while our position in the STRC Stock had a fair value of $50.5 million. Our bitcoin treasury totaled 15,009 bitcoin as of May 12, 2026.”
Quarterly revenue reached $2.76 million, up from $1.42 million a year earlier. Medical-device revenue contributed $1.37 million after the Semler transaction. Net loss totaled $265.9 million, largely tied to a $295.8 million unrealized loss on digital assets measured at fair value.
Strive also amended terms for its Variable Rate Series A Perpetual Preferred Stock (Nasdaq: SATA). Daily dividend payments are set to start on June 16, 2026, on business days, when declared by the board.
Chief Executive Matt Cole posted on X on May 14 that SATA would become the “first security in history to pay daily dividends” and said distributions would occur about 250 times per year while APR remains at 13% through June 2026. Cole also described Strive as holding 15,009 bitcoin with zero debt and called ASST the only bitcoin treasury company with preferred-only amplification. The filing noted:
“Management believes that Strive’s liquidity position puts the company in a position of strategic advantage to execute on strategic initiatives and meet working capital needs for at least the next twelve months.”
At-the-market activity continued after March 31. Strive issued Class A shares for $58.4 million in gross proceeds and SATA shares for $58.6 million from April 1 to May 12. Remaining issuance capacity totaled $217.9 million for common stock and $429.2 million for SATA shares.
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