Strive Reports 15,009 Bitcoin, Zero Debt After Semler Merger and Note Buyback

Strive Reports Larger Bitcoin Treasury After Semler Deal

Strive Inc. (Nasdaq: ASST) filed its quarterly study with the U.S. Securities and Exchange Commission (SEC) connected May 14, reporting 15,009 bitcoin arsenic of May 12 aft further bitcoin purchases and indebtedness repayment activity. The institution listed $929.4 cardinal successful integer assets astatine March 31, earlier aboriginal disclosing updated currency holdings and a $50.5 cardinal presumption successful 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 astatine an mean terms of astir $76,524. The institution had assumed $100 cardinal of Semler Scientific’s 4.25% convertible elder notes owed 2030 during the merger, aboriginal exchanging $90 cardinal into SATA preferred banal earlier repurchasing the remaining $10 cardinal equilibrium aft quarter-end.

“As of May 12, 2026, the Company has nary abbreviated oregon semipermanent indebtedness outstanding,” Strive stated, adding:

“As of May 12, 2026, our currency and currency equivalents totaled $87.6 million, portion our presumption successful the STRC Stock had a just worth of $50.5 million. Our bitcoin treasury totaled 15,009 bitcoin arsenic of May 12, 2026.”

Quarterly gross reached $2.76 million, up from $1.42 cardinal a twelvemonth earlier. Medical-device gross contributed $1.37 cardinal aft the Semler transaction. Net nonaccomplishment totaled $265.9 million, mostly tied to a $295.8 cardinal unrealized nonaccomplishment connected integer assets measured astatine just value.

SATA Preferred Stock Moves Toward Daily Dividends

Strive besides amended presumption for its Variable Rate Series A Perpetual Preferred Stock (Nasdaq: SATA). Daily dividend payments are acceptable to commencement connected June 16, 2026, connected concern days, erstwhile declared by the board.

Chief Executive Matt Cole posted connected X connected May 14 that SATA would go the “first information successful past to wage regular dividends” and said distributions would hap astir 250 times per twelvemonth portion APR remains astatine 13% done June 2026. Cole besides described Strive arsenic holding 15,009 bitcoin with zero indebtedness and called ASST the lone bitcoin treasury institution with preferred-only amplification. The filing noted:

“Management believes that Strive’s liquidity presumption puts the institution successful a presumption of strategical vantage to execute connected strategical initiatives and conscionable moving superior needs for astatine slightest the adjacent 12 months.”

At-the-market enactment continued aft March 31. Strive issued Class A shares for $58.4 cardinal successful gross proceeds and SATA shares for $58.6 cardinal from April 1 to May 12. Remaining issuance capableness totaled $217.9 cardinal for communal banal and $429.2 cardinal for SATA shares.