Strive (ASST) crosses 20,000 bitcoin as $65,723 average-cost buy lands in 8-K
Bitcoin treasury build in focus for Strive, Inc. (Nasdaq: ASST, SATA) after the Dallas-based emerging growth company filed an 8-K on July 27, 2026, disclosing that it purchased 79 bitcoin during the period July 20…
Bitcoin treasury build in focus for Strive, Inc. (Nasdaq: ASST, SATA) after the Dallas-based emerging growth company filed an 8-K on July 27, 2026, disclosing that it purchased 79 bitcoin during the period July 20 through July 24 at an average all-in cost of approximately $65,723 per coin. That acquisition lifted total holdings to exactly 20,000 bitcoin, a round number that reads as a balance-sheet milestone for the Nevada-incorporated firm. The definitive event to watch: Strive's pending merger transaction with Semler Scientific, Inc., which the filing identifies as a material risk factor but assigns no completion date.
Balance sheet after the purchase
Cash and cash equivalents declined from $157.4 million as of July 17 to $154.0 million as of July 24, a $3.4 million drop spanning the bitcoin purchase window. Separate from its bitcoin position, Strive holds 505,000 shares of Variable Rate Series A Perpetual Stretch Preferred Stock issued by Strategy Inc., referred to in the filing as the STRC Stock. The unit count of that holding was unchanged between the two reference dates. Its disclosed fair value moved from $43.071 million to $43.879 million, an $808,000 gain on a mark-to-market basis over the same week.
Capital structure: share count and dilution
Class A common shares outstanding increased 437,477 to 74,307,438. Class B shares declined by 7,477 to 9,792,535. Effective common shares, the sum of both classes, grew 430,000 to reach 84,099,973 as of July 24.
Options outstanding held flat at 997,730. Unvested RSUs fell from 1,613,432 to 1,597,269, a reduction of 16,163 units. Assumed fully diluted shares, which captures options and unvested RSUs but excludes warrant overhang, came in at 86,694,972, up 430,000 from the prior reference date. The 26,596,510 shares underlying traditional warrants sit outside that figure; exercises require payment of the exercise price to the company. Strive's SATA preferred, the Variable Rate Series A Perpetual Preferred Stock listed on Nasdaq, held at 7,829,502 shares outstanding.
What to watch
The filing's forward-looking cautionary language flags two open items: integration and execution risk tied to the pending Semler Scientific merger transaction, and Strive's retained discretion to adjust the SATA dividend rate. Neither carries a disclosed timeline in this filing. The disclosure arrived under Item 8.01, Other Events. The next hard filing to track is a definitive merger agreement between Strive and Semler Scientific.