ORANGE PAPER
The Press › Strive
FILINGStrive (ASST) · 10-Q · accepted Thursday, May 14, 2026, 7:48 AM ET

Strive set SATA’s rate at 13.00%

From Strive’s 10-Q, accepted by the SEC on May 14, 2026 at 7:48 AM ET.

What it says

Strive's 10-Q for the quarter ended March 31, 2026 reports 13,628 bitcoin held, ASST and SATA ATM activity, the Semler Scientific merger, debt retirement, and subsequent events through May 12, 2026.

The numbers

Average bitcoin cost$104,174as of Mar 31
Total bitcoin cost$1.23Bas of Mar 31
Bitcoin held15,009 BTCas of May 12, was 13,628 BTC Mar 31
Cash and cash equivalents$87.6Mas of May 12, was $95.1M Mar 31
Debt principal$0as of May 12, was $10.0M Mar 31
Preferred shares outstanding · SATA4,959,536 sharesas of May 12, was 4,373,194 shares Mar 31
Preferred stated amount · SATA$100as of Mar 31
Class A common shares63,211,995 sharesas of May 12, was 59,286,628 shares Mar 31
Class B common shares9,870,636 sharesas of May 12, was 9,872,157 shares Mar 31
Shares under warrants26,594,435 sharesas of Mar 31
SATA dividend rate13.00%from May 16

What it changed

mNAV
1.31xMay 13 close
1.34xMay 14 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
20,850May 13 close
20,850May 14 close
Bitcoin per diluted share × 100 million (Strive’s share count is our estimate between its reports)
Years of preferred dividends covered
20.6 yrsMay 13 close
21.0 yrsMay 14 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

Strive bought 1,381 BTC, bringing its total to 15,009 BTC8-K · 7:47 AM ETStrive 8-K reports the discharge of Semler Scientific's 4.25% convertible notes due 2030 indenture after8-K · 7:45 AM ETThe Peel: SATS’s first day: closed at $94.61 · Strive filed two 8-KsWednesday edition

Source

Form 10-Q filed by Strive, Inc. with the SEC, accepted Thursday, May 14, 2026, 7:48 AM ET. Accession 0001628280-26-034805.
Read the filing on SEC EDGAR ↗
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.
← All of The Press
Orange Paper reads every Strategy and Strive filing as it lands and checks each figure before publishing. Figures from filings link to SEC EDGAR; our own calculations are labelled. Not investment advice.