FILINGStrive (ASST) · 10-Q · accepted Friday, Nov 14, 2025, 4:08 PM ET
Strive 's 10-Q for the quarter ended Sept 30, 2025 reports 5,886 bitcoin held
From Strive’s 10-Q, accepted by the SEC on Nov 14, 2025 at 4:08 PM ET.
What it says
Strive's 10-Q for the quarter ended Sept 30, 2025 reports 5,886 bitcoin held, a $59.2M common ATM, a $500M buyback authorization with no repurchases, and the November 2025 SATA preferred IPO. It also reports subsequent bitcoin purchases and warrant exercises.
The numbers
| Average bitcoin cost | $116,053 | as of Sep 30 |
| Total bitcoin cost | $683.0M | as of Sep 30 |
| Bitcoin held | 5,886 BTC | as of Sep 30 |
| Cash and cash equivalents | $109.1M | as of Sep 30 |
| Class A common shares | 592,579,510 shares | as of Nov 7, was 448,817,597 shares Sep 30 |
| Class B common shares | 222,904,100 shares | as of Nov 7, was 218,035,473 shares Sep 30 |
| Shares under warrants | 26,727,805 shares | as of Nov 7, was 27,281,481 shares Sep 30 |
What it changed
mNAV
1.41xNov 14 close
1.40xNov 17 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
17,830Nov 14 close
17,830Nov 17 close
Bitcoin per diluted share × 100 million (Strive’s share count is our estimate between its reports)
Years of preferred dividends covered
34.1 yrsNov 14 close
33.4 yrsNov 17 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)
Also that day
Source
Form 10-Q filed by Strive, Inc. with the SEC, accepted Friday, Nov 14, 2025, 4:08 PM ET. Accession 0001628280-25-052343.
Summary and figures read from the filing by Orange Paper’s filing reader and checked before publishing. Calculations (pro forma and close figures) are ours.