$ASST Strive
Strive is a Bitcoin treasury company focused on increasing Bitcoin per share through capital raising and acquisitions. ASST is its publicly traded Class A common stock.
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CEBE loads with market data; — means no value is available yet. Calculation & sources ↓
Strive methodology · live BTC spot against the latest disclosed SATA notional.
Live valuation inputs are recomputed by BTCperShare.
GROSS & NET BITCOIN EXPOSURE
ASST · CEBE
Net Bitcoin-equivalent backing after debt and preferred claims, offset by cash.
Effective common shares (Class A + B) · Snapshot 2026-09-18
- Net claims / BTC value
- —
- Net sats / $100 of stock
- —
- Net mNAV
- —
- Direct BTC sats / $100
- —
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Calculation, dates & sources
- BTC held
- 26,355
- Common shares
- 97,002,649
- Debt principal
- —
- Preferred claims
- $1,118,416,000
- Cash offset
- $229,600,000
- Net claims
- —
Net sats/share = [BTC − (debt + preferred − cash) ÷ BTC price] ÷ common shares × 100,000,000.
Net sats/$100 = net sats/share × 100 ÷ stock price. Net mNAV = stock price ÷ net backing per share in dollars. Direct BTC assumes no fees.
Cash includes cash and cash equivalents. STRC investment holdings are excluded; this differs from Strive's NTAV, which includes them.
Debt needs a dated source for this reporting period; net metrics are unavailable until it is supplied.
- Strive holdings and shares ↗ · 2026-09-18
BTC, Class A + B shares, cash and SATA shares. SATA claim = shares × $100 stated preference; excludes future dividends.
Uses unconverted claims and basic/effective common shares. Options and potential conversion shares are excluded. Debt and preferred amounts are modeled notionals, not a comprehensive liquidation waterfall. Other liabilities, accrued or future dividends, operating costs and taxes are excluded.
CEBE means Common Equity Bitcoin Exposure. Framework credited to Bobby Tierney / CEBE Tracker. BTCperShare calculates independently; cash definitions and reporting dates may differ.
As of Sep 18, 2026
Recent prints
| As of | Effective sats | Δ |
|---|---|---|
| 26-05-22 | 21,777 | ACCRETIVE+4.05% |
| 26-06-01 | 24,091 | ACCRETIVE+10.63% |
| 26-06-05 | 24,033 | DILUTIVE-0.24% |
| 26-06-12 | 23,979 | DILUTIVE-0.22% |
| 26-06-18 | 24,353 | ACCRETIVE+1.56% |
| 26-06-26 | 24,330 | DILUTIVE-0.09% |
| 26-07-02 | 24,034 | DILUTIVE-1.22% |
| 26-07-10 | 23,910 | DILUTIVE-0.52% |
| 26-07-17 | 23,809 | DILUTIVE-0.42% |
| 26-07-24 | 23,781 | DILUTIVE-0.12% |
| 26-07-31 | 23,774 | —-0.03% |
| 26-08-07 | 23,604 | DILUTIVE-0.72% |
| 26-08-14 | 23,532 | DILUTIVE-0.31% |
| 26-08-21 | 23,813 | ACCRETIVE+1.19% |
| 26-08-28 | 24,829 | ACCRETIVE+4.27% |
| 26-09-04 | 25,840 | ACCRETIVE+4.07% |
| 26-09-11 | 26,324 | ACCRETIVE+1.88% |
| 26-09-18 | 27,169 | ACCRETIVE+3.21% |
Swipe to see all columns →
| As of | BTC | AFDS sats | Amp | QTD yield |
|---|---|---|---|---|
| 25-09-30 | 5,886 | 13,946 | 0.0% | — |
| 25-12-31 | 7,627 | 17,037 | 30.1% | +22.2% |
| 26-03-31 | 13,628 | 18,931 | 47.1% | +11.1% |
| 26-06-30 | 19,864 | 23,465 | 67.2% | +24.0% |
Weekly holdings
Effective is the weekly BTC/share denominator. AFDS and SATA are shown for capital-structure context.
Swipe to see all columns →
| As of | BTC | Effective sats | AFDS sats | SATA |
|---|---|---|---|---|
| 26-05-22 | 16,500 | 21,777 | — | 5,759,719 |
| 26-06-01 | 19,000 | 24,091 | — | 7,513,907 |
| 26-06-05 | 19,032 | 24,033 | — | 7,513,907 |
| 26-06-12 | 19,105 | 23,979 | — | 7,513,907 |
| 26-06-18 | 19,864 | 24,353 | — | 7,829,502 |
| 26-06-26 | 19,864 | 24,330 | — | 7,829,502 |
| 26-07-02 | 19,882 | 24,034 | — | 7,829,502 |
| 26-07-10 | 19,900 | 23,910 | — | 7,829,502 |
| 26-07-17 | 19,921 | 23,809 | — | 7,829,502 |
| 26-07-24 | 20,000 | 23,781 | 23,069 | 7,829,502 |
| 26-07-31 | 20,020 | 23,774 | 23,063 | 7,829,502 |
| 26-08-07 | 20,167 | 23,604 | 22,735 | 7,829,502 |
| 26-08-14 | 20,246 | 23,532 | 22,671 | 7,829,502 |
| 26-08-21 | 21,356 | 23,813 | 22,976 | 8,270,815 |
| 26-08-28 | 23,156 | 24,829 | 23,990 | 9,073,914 |
| 26-09-04 | 24,531 | 25,840 | 24,994 | 9,995,425 |
| 26-09-11 | 25,000 | 26,324 | 25,474 | 10,397,966 |
| 26-09-18 | 26,355 | 27,169 | 26,317 | 11,184,160 |
Capital structure
Rounded thousands for mix display only. Exact filing values remain the source for sats/share math.
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| As of | Effective | AFDS | PF warrants | Trad. warrants |
|---|---|---|---|---|
| 26-09-18 | 97,003 | 100,145 | 0 | 25,810 |
| 26-09-11 | 94,969 | 98,139 | 0 | 26,596 |
| 26-09-04 | 94,935 | 98,149 | 0 | 26,596 |
| 26-08-28 | 93,263 | 96,523 | 0 | 26,596 |
| 26-06-30 | 81,945 | 84,653 | 0 | 26,596 |
| 26-03-31 | 69,159 | 71,986 | 0 | 26,596 |
| 25-12-31 | 44,767 | 44,767 | 54 | 26,594 |
| 25-09-30 | 42,205 | 42,205 | 8,862 | 27,281 |
Era
- Listing around 25-09-12. First quarter 25-09-30: 5,886 BTC / 13,946 AFDS sats.
- YE 2025: 7,627 BTC / 17,037 AFDS sats. QTD yield +22.2%.
- Semler was an all-stock Q1 2026 transaction: 7,627 → 13,628 BTC and AFDS 44,766,899 → 71,985,609. It was not an open-market BTC purchase.
- Q2 2026 preliminary: 19,864 BTC / 23,465 AFDS sats. Filing-locked yield 24.0%.
- Q3 QTD AFDS yield 12.2%; 2026 YTD 54.5%.
- Weekly holdings begin 26-05-22 and use Effective, not AFDS.