Strive (NASDAQ: ASST) continued its aggressive Bitcoin accumulation strategy on August 10, announcing a fresh purchase of 147 BTC as the firm reported a $257.6 million net loss for the second quarter. The Dallas-based asset manager now holds 20,167 BTC, cementing its position as the seventh-largest corporate holder of the cryptocurrency.
The Q2 loss was predominantly driven by a $234 million mark-to-market hit on its Bitcoin holdings and a stake in Strategy’s preferred stock, accounting for 94.1% of the GAAP net loss. Despite the red ink, Strive posted $2.94 million in revenue, nearly double the $1.51 million from the same period in 2025, aided by $1.4 million from medical device sales following its merger with Semler Scientific.
On a non-GAAP basis, the adjusted loss attributable to common shareholders was $275 million, with diluted loss per share reaching $3.77. Yet Chairman and CEO Matt Cole struck an optimistic tone, emphasizing the company’s strengthened balance sheet: Strive retired all short- and long-term debt, holding $154.9 million in cash and a $48 million stake in Strategy’s preferred shares as of August 7. “Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin,” Cole said, calling the balance sheet “purpose-built to thrive through Bitcoin volatility.”
The firm also introduced its SATA preferred stock, which now pays cash dividends every business day—a first for U.S. capital markets—at an annualized rate of 13.00%. Meanwhile, insiders put their own money to work: CFO Ben Pham and Chief Legal Officer Brian Logan Beirne purchased shares worth a combined $215,480 over the last six months, signaling confidence in the strategy.
Strive’s Bitcoin Yield metric, which tracks the ratio of its BTC holdings to diluted shares, stood at 23.9% for the quarter and 37.7% for the first half of 2026. The latest accumulation, though modest in size, reinforces the institutional trend of adding Bitcoin as a treasury reserve asset, potentially reducing liquid supply on exchanges over time.
