Strive, Inc. (NASDAQ: ASST; SATA) has released its financial results for the fourth quarter that ended on December 31, 2025, showcasing significant developments since its public listing in September 2025.
The company has accumulated a total of 13,628 bitcoin as of March 17, 2026, with 5,886 bitcoin from initial PIPE proceeds and 351 exchange, 5,048 bitcoin from the acquisition of Semler Scientific, Inc., and 2,694 bitcoin from other capital markets activity, including SATA IPO and follow-on, ASST ATM, and SATA ATM. Strive achieved a bitcoin yield of 22.2% in Q4 2025 and 13.8% QTD in Q1 2026. It generated a bitcoin gain of ₿1,305 BTC in Q4 2025 and ₿1,050 QTD in Q1 2026, resulting in a bitcoin $ gain of $114.3 million in Q4 2025 and $78.2 million QTD in Q1 2026.
As of March 17, 2026, Strive's cash and cash equivalents totaled $83.7 million, and its position in the STRC stock had a fair value of $50.4 million. It had 59,286,628 shares of Class A common stock and 9,872,157 shares of Class B common stock outstanding, along with 4,275,118 shares of SATA stock outstanding.
The company completed a registered public offering of 2,000,000 shares of its variable rate Series A perpetual preferred stock ("SATA stock") at a price to the public of $80.00 per share, resulting in net proceeds of approximately $148.4 million. Additionally, Strive consummated the acquisition of Semler Scientific, Inc. in an all-stock transaction, resulting in the acquisition of approximately 5,048 bitcoin held by Semler Scientific.
The financial results indicate a GAAP net loss of $393.6 million for the period from September 12, 2025, to December 31, 2025, with expected non-recurring expenses and/or non-cash items of $12.4 million and $177.3 million, accounting for 48.2% of the net loss. The non-GAAP adjusted net loss attributable to common stockholders was $208.2 million, or $4.73 per diluted common share.
In terms of the company's consolidated statements of financial condition, its assets totaled $745,527, with digital assets at fair value amounting to $668,486. The company's total liabilities stood at $14,289, while its mezzanine equity was $148,802.
Strive's consolidated statements of operations reflect total revenues of $1,512 for the period from September 12, 2025, to December 31, 2025, and a net loss of $393,598 for the same period.
The metrics presented by Strive, including bitcoin yield, bitcoin gain, and bitcoin $ gain, provide insight into the company's performance and its strategy of acquiring bitcoin in an accretive manner. It aims to generate attractive long-term returns for its common equity stockholders versus its bitcoin hurdle rate.
Today the company's shares have moved -2.31% to a price of $0.9481. For more information, read the company's full 8-K submission here.
