Strive, Inc. (ASST) Stock

Strive, Inc. (ASST) is a Financials stock trading at $27.61 (as of 2026-09-11), with a market capitalization of $2.08B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Strive Inc is an asset management company that operates a Bitcoin-focused treasury strategy. The firm prioritizes increasing Bitcoin per share for shareholders and uses this metric as the benchmark for capital allocation.

Understand Strive, Inc.: how it makes money

Strive, Inc. is a Bitcoin treasury company that deploys its capital to buy and hold Bitcoin, aiming to grow the Bitcoin held per share over time. Its equity value is a direct, near-one-to-one proxy for the Bitcoin price, so the investment case hinges entirely on where BTC trades relative to what the company paid.

There is no recurring operating-revenue engine; the entire value of the stock is the mark-to-market of the Bitcoin on the balance sheet, minus a thin layer of fixed fees.

Business quality (Unprofitable): Unprofitable at the operating level (operating margin -8781%, ROE -152%), which is expected for a Bitcoin treasury with negligible revenue; the relevant quality metric is the Bitcoin-per-share trajectory, not P&L.

Bull case

  • Operating loss is a fee, not a wound: The operating margin of -8781% looks extreme, but it is an arithmetic artifact of near-zero revenue against a small fixed-cost base. For a pure Bitcoin treasury, overhead is the only drag and does not impair the core thesis of growing Bitcoin per share.

Bear case

  • Fixed costs force treasury drawdown: With an operating margin of -8781%, the company's expenses dwarf its trivial revenue stream. Unless Bitcoin price appreciation outpaces the cash burn each quarter, management must either sell Bitcoin or dilute shareholders to fund overhead, directly eroding the Bitcoin-per-share metric that underpins the stock.
Valuation — source: SEC EDGAR (first-party)
Price$27.61
Market Cap$2.08B
Price / Book3.22
Price / Sales302.57
FCF Yield-1.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.51M
Net Margin-26031.6%
Return on Equity-141.3%
Current Ratio7.62
Revenue Growth (YoY)1597.5%
EPS Growth (YoY)4335.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.61 (grey)
Valuation vs Sector & Industry
Sector P/E (Financials)14.9
Industry P/E (Banking)12.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSUSQUEHANNA INTERNATIONAL GROUP, LLP ($157.74M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOMatthew Ryan Cole
Employees51
CountryUS
IPO Date2023-02-03

Related Companies (Banking; 8 comparable banks)

  • The Marygold Companies, Inc. (MGLD)
  • U.S. Global Investors, Inc. (GROW)
  • CaliberCos Inc. (CWD)
  • Great Elm Group, Inc. (GEG)
  • Hennessy Advisors, Inc. (HNNA)
  • Wealthfront Corporation (WLTH)
  • Resolute Holdings Management (RHLD)
  • Mount Logan Capital Inc. (MLCI)
ASST earnings history · ASST institutional & insider holders · ASST KPIs & operating metrics · ASST financials · ASST filings, presentations & press releases · ASST investor presentations & press releases · ASST SEC filings · ASST peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-11.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.