Business context and reporting period
Strive, Inc. filed this Form 8-K on September 28, 2026, to report a bitcoin purchase and updated treasury holdings and share counts. From September 21 through September 25, 2026, the company purchased 1,107 bitcoin at an average price of approximately $85,396 per bitcoin, including fees and expenses.
Key financial and operating metrics
| Metric | September 18, 2026 | September 25, 2026 | Change |
|---|---|---|---|
| Cash and cash equivalents | $229.6 million | $248.8 million | +$19.2 million |
| Bitcoin held | 26,355 | 27,462 | +1,107 |
| Fair value of Strategy Inc. STRC stock | $49.748 million | $49.763 million | +$15,000 |
| STRC shares held | 505,000 | 505,000 | No change |
Class A shares outstanding increased by 649,072 to 88,453,685; Class B shares remained at 9,198,036. Effective common shares outstanding rose by 649,072 to 97,651,721. Assumed fully diluted shares increased by 632,082 to 100,776,795. SATA preferred shares outstanding increased by 1,009,020 to 12,193,180. Shares underlying traditional warrants declined by 460,649 to 25,349,806. The filing notes that reported outstanding shares include shares sold through 4:00 p.m. Eastern Time that are to be issued the following business day.
This is a treasury and share-count update, not a periodic financial report. The filing does not provide clear values for revenue, profit, cash flow, margins, debt, or other operating results.
Material changes versus the prior update
Cash and bitcoin holdings increased, while STRC share count was unchanged. Class A and SATA share counts rose; Class B shares were unchanged. Options declined by 16,990 to 856,234, while unvested employee stock awards remained at 2,268,840.
Outlook, risks, and contingencies
The filing provides no financial guidance. Its forward-looking-statement discussion references expected strategic and financial benefits of the merger with Semler Scientific, the ability to integrate the combined businesses, and possible adjustments to the SATA dividend rate. These are forward-looking matters, not reported outcomes. Cited risks include bitcoin and digital-asset volatility, merger integration and execution, legal proceedings, management distraction, potential share issuance and dilution, market and regulatory conditions, and possible effects on customer, client, or employee relationships. The company cautions investors not to place undue reliance on forward-looking statements.
Important facts for investors to verify
- Whether subsequent filings confirm the bitcoin holdings, purchase economics, and funding sources; this 8-K provides the average purchase price but not a total purchase cost.
- How the increase in cash and the issuance of Class A and SATA shares relate to the company’s financing and treasury strategy.
- Current financial statements for operating results, cash flows, debt, and liquidity needs, which are not supplied in this update.
- Merger integration progress and any announced changes to the SATA dividend rate.
- Potential dilution from outstanding options, employee awards, warrants, and future share issuance.