DALLAS, May 14, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) ("Strive" or the "Company") today announced that it will begin paying dividends on its Variable Rate Series A Perpetual Preferred Stock (the "SATA Stock") on a daily basis. This change will take effect on June 16, 2026, with dividends paid each business day to stockholders of record on the immediately preceding business day. Dividend, if and when declared, will be declared on a monthly basis for the following month's monthly dividend period. The Company's board of directors maintained the regular dividend rate per annum on the Company's SATA Stock at 13.00%, effective for the monthly periods commencing on or after May 16, 2026. The Company also announced its financial results for the first quarter ended March 31, 2026.
Key Highlights:
-- Acquired a total of 6,001 bitcoin during the first quarter ended
March 31, 2026, including 5,048 bitcoin from the acquisition of Semler
Scientific, Inc. and 953 bitcoin from open market purchases.
-- Acquired an additional 1,381 bitcoin during the period from April 1, 2026
through May 12, 2026.
-- Since Strive's announcement on May 4, 2026, Strive has acquired an
additional 9 bitcoin, bringing our total bitcoin treasury to
15,009 bitcoin.
-- Achieved a Bitcoin Yield of 11.1% in Q1 2026 and 4.6% QTD (as of May 12,
2026) in Q2 2026.
-- Generated a Bitcoin Gain of 848 BTC in Q1 2026 and 621 QTD (as of May 12,
2026) in Q2 2026.
-- Generated a Bitcoin $ Gain of $57.8 million in Q1 2026 and $50.1 million
QTD (as of May 12, 2026) in Q2 2026.
-- As of May 12, 2026, Strive's cash and cash equivalents totaled $87.6
million and our position in Variable Rate Series A Perpetual Preferred
Stock of Strategy Inc. ("STRC Stock") had a fair value of $50.5 million.
Strive had 63,211,995 and 9,870,636 shares of Class A common stock and
Class B common stock, respectively, and 4,959,536 shares of SATA Stock
outstanding as of May 12, 2026.
-- During the period from April 1, 2026 to May 12, 2026, the Company
repurchased the remaining balance of long-term notes payable, at fair
value. As of May 12, 2026, the Company has no short or long-term debt
outstanding.
-- Consummated the acquisition of Semler Scientific, Inc. ("Semler
Scientific") in an all-stock transaction, resulting in Strive acquiring
the approximately 5,048 bitcoin held by Semler Scientific. Strive intends
to monetize the business as it remains focused on its bitcoin
accumulation strategy.
-- On January 27, 2026, the Company completed a follow-on registered public
offering of 1,320,000 shares of its SATA Stock at a price to the public
of $90.00 per share, resulting in net proceeds of approximately $109.3
million, after deducting the underwriting discounts and commissions and
the Company's offering expenses. Strive utilized these proceeds, along
with cash on hand, to retire the $20 million loan with Coinbase Credit
Inc., which Strive assumed as part of the acquisition of Semler
Scientific. Concurrent with the above public offering, Strive exchanged
approximately 929,999 shares of SATA Stock, with a $93.0 million notional
balance, for $90.0 million of the principal balance of the convertible
notes assumed as part of the acquisition of Semler Scientific,
representing 90.0% of the principal balance of the convertible debt
principal balance assumed from Semler Scientific.
-- GAAP net loss of $265.9 million, for the three months ended March 31,
2026. $295.8 million (96.6%) of the GAAP net loss was attributable to the
fair market value decrease in bitcoin holdings.
-- Non-GAAP adjusted net loss attributable to common stockholders1 of $319.7
million, or $5.19 per diluted common share1, for the three months ended
March 31, 2026. $295.8 million (92.5%) of the $319.7 million non-GAAP
adjusted net loss attributable to common stockholders was attributable to
the fair market value decrease in bitcoin holdings and $13.7 million
(7.5%) was attributable to other business operations. Non-GAAP adjusted
net loss attributable to common stockholders subtracts non-recurring and
non-cash items from GAAP net loss attributable to common stockholders.
"SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day, beginning June 16, 2026, at a current annualized rate of 13.00%. This is a true zero-to-one innovation," said Matthew Cole, Chairman & Chief Executive Officer of Strive, Inc. "Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility. We're thrilled to unveil the next chapter for Strive: The Daily Dividend Company."
(1) Non-GAAP adjusted net loss, non-GAAP adjusted net loss
attributable to common stockholders, and non-GAAP adjusted net
loss per diluted common share are non-GAAP measures. See page 4
for reconciliations of these non-GAAP financial measures to the
most comparable GAAP financial measures.
STRIVE, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(in thousands, except share and per share data)
March 31, December 31,
2026 2025
----------- ----------------
(unaudited) (audited)
Assets:
Current assets:
Cash and cash equivalents $ 95,092 $ 67,499
Investments in preferred equity, at
fair value 50,510 --
Prepaid expenses 2,590 2,708
Other current assets 2,787 1,569
--------- ---------
Total current assets 150,979 71,776
Digital assets, at fair value 929,396 668,486
Property and equipment, net 872 778
Intangible assets, net 14,994 355
Right-of-use lease assets 3,932 4,037
Other non-current assets 96 95
--------- ---------
Total assets $1,100,269 $ 745,527
========= =========
Liabilities:
Current liabilities:
Compensation and benefits payable $ 3,667 $ 164
Accounts payable and other
liabilities 4,881 8,560
Dividends payable 4,647 2,053
--------- ---------
Total current liabilities 13,195 10,777
Long-term notes payable, at fair
value 9,701 --
Operating lease liabilities 3,416 3,512
--------- ---------
Total liabilities 26,312 14,289
Mezzanine equity:
Variable Rate Series A Preferred
Stock, $0.001 par value; 20,000,000
shares authorized, 4,373,194 and
2,012,729 shares issued and
outstanding, $437.3 million and
$201.3 million redemption value and
liquidation preference as of March
31, 2026 and December 31, 2025,
respectively 359,174 148,802
--------- ---------
Total mezzanine equity 359,174 148,802
Stockholders' equity:
Class A common stock, $0.001 par
value; 22,200,000,000 shares
authorized, 59,286,628 and
34,936,745 shares issued and
outstanding as of March 31, 2026 and
December 31, 2025, respectively 59 699
Class B common stock, $0.001 par
value; 1,050,000,000 shares
authorized, 9,872,157 and 9,776,540
shares issued and outstanding as of
March 31, 2026 and December 31,
2025, respectively 10 196
Additional paid-in capital 1,468,128 1,055,595
Accumulated deficit (753,414) (474,054)
--------- ---------
Total stockholders' equity 714,783 582,436
--------- ---------
Total liabilities, mezzanine
equity, and stockholders' equity $1,100,269 $ 745,527
========= =========
STRIVE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(unaudited)
Successor Predecessor
-------------------- ----------------------
Three Months Ended Three Months Ended
March 31, 2026 March 31, 2025
-------------------- ----------------------
Revenues:
Investment advisory
fees $ 1,347 $ 1,416
Medical device revenues 1,370 --
Other revenue 43 7
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