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FILINGStrive (ASST) · 8-K · accepted Thursday, Jan 22, 2026, 1:25 PM ET

Strive priced an upsized follow-on offering of 1,320,000 SATA preferred shares at $90 per share (about

From Strive’s 8-K, accepted by the SEC on Jan 22, 2026 at 1:25 PM ET.

What it says

Strive announced pricing of an upsized follow-on offering of 1,320,000 SATA preferred shares at $90 per share (about $118.8M gross) and expected exchanges of $90M of Semler convertible notes for about 930,000 SATA shares.

The numbers

Bitcoin held12,798 BTCas of Jan 16

What it changed

mNAV
0.90xJan 21 close
0.88xJan 22 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
28,587Jan 21 close
28,587Jan 22 close
Bitcoin per diluted share × 100 million (Strive’s share count is our estimate between its reports)
Years of preferred dividends covered
49.1 yrsJan 21 close
49.2 yrsJan 22 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

The 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 Thursday, Jan 22, 2026, 1:25 PM ET. Accession 0001140361-26-002005.
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.