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FILINGStrive (ASST) · 8-K · accepted Monday, Nov 3, 2025, 8:44 AM ET

Strive a proposed IPO of 1,250,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA)

From Strive’s 8-K, accepted by the SEC on Nov 3, 2025 at 8:44 AM ET.

What it says

Strive announced a proposed IPO of 1,250,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA) with an initial 12.00% dividend rate, and stated it holds about 5,957.9 bitcoin as of October 27, 2025.

The numbers

Bitcoin held5,958 BTCas of Oct 27
Preferred stated amount · SATA$100as of Nov 3

What it changed

mNAV
1.55xOct 31 close
1.52xNov 3 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
14,117Oct 31 close
14,117Nov 3 close
Bitcoin per diluted share × 100 million (Strive’s share count is our estimate between its reports)

Also that day

Strategy a proposed IPO of 3,500,000 shares of STRE, with proceeds for general corporate purposes including8-K · 5:22 PM ETStrategy set STRC’s rate at 10.25%, STRC’s rate at 10.50%10-Q · 4:12 PM ETStrategy bought 397 BTC, bringing its total to 641,205 BTC; raised $69.5M selling common and STRD and STRF and STRK8-K · 7:59 AM ETThe Peel: SATS’s first day: closed at $94.61 · Strive filed two 8-KsWednesday edition

Source

Form 8-K filed by Strive, Inc. with the SEC, accepted Monday, Nov 3, 2025, 8:44 AM ET. Accession 0001140361-25-040098.
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.
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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.