Strive Reports 15,009 Bitcoin, Zero Debt After Semler Merger and Note Buyback

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Strive Reports 15,009 <a href="https://investment-policy.com/btc-usd/">Bitcoin</a>, Zero Debt After Semler Merger and Note Buyback

Following its merger with Semler Scientific, Strive now holds a larger amount of bitcoin – a total of 15,009 – and has no debt. Financial reports indicate the company has $929.4 million in digital assets, including revenue from its medical device business, but also a significant unrealized loss due to how the value of its assets are accounted for.

Key Takeaways:

  • Strive expanded its bitcoin holdings through purchases and the Semler Scientific merger.
  • Medical-device revenue helped lift quarterly sales, while fair-value losses drove a large deficit.
  • Daily SATA dividends are expected to begin soon, pending board declarations.

Strive Reports Larger Bitcoin Treasury After Semler Deal

Strive Inc. (Nasdaq: ASST) filed its quarterly report with the U.S. Securities and Exchange Commission (SEC) on May 14, reporting 15,009 bitcoin as of May 12 after additional bitcoin purchases and debt repayment activity. The company listed $929.4 million in digital assets at March 31, before later disclosing updated cash holdings and a $50.5 million position in Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).

Semler Scientific’s merger added 5,048 bitcoin and medical-device operations to Strive. From April 1 to May 12, Strive bought 1,381 bitcoin at an average price of about $76,524. The company had assumed $100 million of Semler Scientific’s 4.25% convertible senior notes due 2030 during the merger, later exchanging $90 million into SATA preferred stock before repurchasing the remaining $10 million balance after quarter-end.

In my research, I’ve found that, as of May 12, 2026, the company reported having no outstanding debts, neither short-term nor long-term. Strive shared this information, and went on to add…

“As of May 12, 2026, our cash and cash equivalents totaled $87.6 million, while our position in the STRC Stock had a fair value of $50.5 million. Our bitcoin treasury totaled 15,009 bitcoin as of May 12, 2026.”

Revenue for the quarter was $2.76 million, a significant increase from $1.42 million in the same quarter last year. This growth included $1.37 million in revenue from medical devices following the Semler acquisition. However, the company reported a net loss of $265.9 million, primarily due to a $295.8 million decrease in the value of its digital assets.

SATA Preferred Stock Moves Toward Daily Dividends

Strive has updated the terms for its Variable Rate Series A Perpetual Preferred Stock (Nasdaq: SATA). The company expects to begin making daily dividend payments on June 16, 2026, on days when the stock market is open, as determined by its board of directors.

Chief Executive Matt Cole posted on X on May 14 that SATA would become the “first security in history to pay daily dividends” and said distributions would occur about 250 times per year while APR remains at 13% through June 2026. Cole also described Strive as holding 15,009 bitcoin with zero debt and called ASST the only bitcoin treasury company with preferred-only amplification. The filing noted:

“Management believes that Strive’s liquidity position puts the company in a position of strategic advantage to execute on strategic initiatives and meet working capital needs for at least the next twelve months.”

Following the end of March, Strive continued raising capital. Between April 1st and May 12th, they sold Class A shares for $58.4 million and SATA shares for $58.6 million. They still had the ability to issue an additional $217.9 million in common stock and $429.2 million in SATA shares.

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2026-05-15 05:04