Strive, Inc. — Form 8-K summary
Reporting date: October 5, 2026. The filing reports bitcoin purchases and treasury and share-count updates, including preliminary, unaudited information for the quarter ended September 30, 2026. It does not provide a clear update on operating revenue, profit, or cash flow.
Key financial and treasury metrics
| Metric | Reported amount |
|---|---|
| Cash and cash equivalents at September 30 | $284.7 million (balance-sheet table: $284.722 million) |
| Bitcoin at September 30 | 28,000 BTC; reported average cost of $90,170 per bitcoin; fair value of $2.340 billion |
| STRC shares held at September 30 | 505,000 shares; fair value of $50.172 million |
| Total treasury value at September 30 | $2.675 billion |
| Debt and preferred stock | Debt principal: none reported. SATA stated amount: $1.294 billion. Total debt and preferred: $1.294 billion. |
| Annualized interest obligation | $168.228 million; the filing does not give a separate breakdown in this table. |
| Market price of bitcoin used in the September 30 metrics | $83,577 |
| Amplification ratio and bitcoin per assumed diluted share | 55.3%; 27,801 satoshis per share |
Strive reported quarter-to-date bitcoin yield of 18.5%, fiscal-year-to-date yield of 63.2%, and 12-month yield of 99.4%. It also reported bitcoin gain per assumed diluted share of 4,336.11 satoshis quarter-to-date, 10,764.11 fiscal-year-to-date, and 13,855.03 over the last 12 months. These are company-defined supplemental measures, not traditional investment returns, earnings, liquidity, or fair-value gains.
Changes and share-count updates
- From September 28 through October 2, Strive purchased 2,000 BTC at an average price of approximately $84,422 per bitcoin, including fees and expenses. Holdings rose from 27,462 BTC on September 25 to 29,462 BTC on October 2.
- Cash and cash equivalents increased by $35.9 million, from $248.8 million on September 25 to $284.7 million on October 2. The fair value of STRC stock increased by $439,000; the number of shares held remained 505,000.
- Effective common shares outstanding increased by 3,287,265 between September 25 and October 2, to 100,938,986. Assumed fully diluted shares increased by 2,937,977, to 103,714,772. SATA shares outstanding increased by 1,304,902, to 13,498,082.
- Separately, Strive said it acquired 8,137 BTC during the three months ended September 30 at an average cost of $78,885 per bitcoin. At September 30, it reported 28,000 BTC acquired at an average cost of $90,170.
Outlook, risks, and unusual items
- Management says that while bitcoin remains below $100,000, its current objective is to increase and maintain the amplification ratio above 60%; the reported September 30 ratio was 55.3%. The company says it intends to remain debt-free.
- Strive has established a repurchase facility of up to $500 million for SATA stock. Repurchases may occur at management’s discretion if considered in the company’s and shareholders’ long-term interests.
- The quarter-end financial closing was not complete. The reported financial information is preliminary, unaudited, based on management estimates, and subject to change; it is not a substitute for GAAP financial statements.
- The filing highlights bitcoin price volatility, financing availability, potential dilution from issuing common or SATA shares, and risks related to the merger with Semler Scientific, including integration and realization of anticipated benefits. It also notes that preferred stock has claims senior to common equity and requires perpetual dividends.
- Management cautions that bitcoin yield and gain-per-share metrics omit liabilities and preferred-stock claims and may not reflect fair-value gains or losses. Investors are directed to the company’s financial statements and other SEC disclosures.
Important facts for investors to verify
- Confirm final audited quarter results and reconcile the preliminary treasury figures with the completed financial statements.
- Reconcile share-count figures across the filing: September 30 Class A and B counts, October 2 outstanding shares, and the distinct assumed-diluted-share calculations.
- Review the SATA dividend terms, the annualized $168.228 million obligation, and the senior claims represented by preferred stock.
- Track whether Strive achieves its stated amplification-ratio objective and whether it uses the $500 million SATA repurchase facility.
- Assess bitcoin holdings, valuation, financing and dilution alongside the company’s stated limitations on its bitcoin-related supplemental metrics.