ORANGE PAPER
The Press › Strive
FILINGStrive (ASST) · 8-K · accepted Monday, Jan 5, 2026, 8:04 AM ET

Strive 8-K reports preliminary unaudited holdings as of Dec 31

From Strive’s 8-K, accepted by the SEC on Jan 5, 2026 at 8:04 AM ET.

What it says

Strive 8-K reports preliminary unaudited holdings as of Dec 31, 2025: 7,626.8 bitcoin, $67.6M cash, Q4 purchases of 1,741.2 bitcoin, and share counts including SATA at a 12.25% rate.

The numbers

Class A common shares698,734,905 sharesas of Dec 31
Class B common shares195,530,808 sharesas of Dec 31
Shares under warrants26,594,435 sharesas of Dec 31

What it changed

mNAV
1.32xJan 2 close
1.47xJan 5 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
17,037Jan 2 close
17,037Jan 5 close
Bitcoin per diluted share × 100 million (Strive’s share count is our estimate between its reports)
Years of preferred dividends covered
30.6 yrsJan 2 close
31.8 yrsJan 5 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

Strategy bought 1,283 BTC, bringing its total to 673,783 BTC; raised $312.2M selling common8-K · 8:00 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, Jan 5, 2026, 8:04 AM ET. Accession 0001628280-26-000225.
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.