Strive, Inc. 8-K

What Happened
Strive, Inc. (ASST) filed a Form 8‑K on January 5, 2026, reporting its preliminary, unaudited financial position as of December 31, 2025. The company held $67.6 million in cash and cash equivalents and 7,626.8 bitcoin, acquired at an average cost of $113,153 per bitcoin. During Q4 2025 Strive acquired 1,741.2 bitcoin at an average cost of $103,346 per bitcoin using proceeds from warrant exercises and issuances of Class A common stock and Variable Rate Series A Perpetual Preferred Stock (SATA Stock).

Key Details

• Cash and equivalents: $67.6 million (as of Dec 31, 2025).
• Bitcoin holdings: 7,626.8 BTC; average cost $113,153 per BTC. Q4 purchases: 1,741.2 BTC at $103,346 avg.
• Capital structure (outstanding as of Dec 31, 2025): 698,734,905 Class A shares; 195,530,808 Class B shares; warrants to purchase 531,888,702 Class A shares; 1,072,289 pre‑funded warrants; 2,012,729 SATA shares outstanding.
• SATA dividend rate: 12.25% (payable monthly, subject to board declaration).
• The reported figures are preliminary unaudited estimates; final audited results may differ once financial close and audit are complete.

Why It Matters
These disclosures give investors a snapshot of Strive’s liquidity and crypto exposure at year‑end 2025. The size of the bitcoin holdings and the stated average cost per coin are key for assessing unrealized gains or losses relative to current BTC prices. Large outstanding warrants and pre‑funded warrants indicate potential future dilution for Class A shareholders. Finally, the 12.25% dividend obligation on SATA Stock and the company’s note that results are preliminary mean investors should watch for the final audited results and any updates on cash flow or capital structure.