Strive recommits to BTC amid Q2 earnings loss

Strive (NASDAQ: ASST) continued its march up the Bitcoin accumulation ladder today, August 10, as the firm announced that it added a fresh batch of 147 BTC to its digital asset treasury. 

The latest purchase installment arrives despite a $257.6 million Q2 net loss that the firm reported on the same day, mostly attributed to Bitcoin’s price slide during the quarter. 

The scale of the firm’s Bitcoin outlay is the latest commitment to BTC by the Matt Cole-led firm, after previous rounds of insisting on the leading digital asset’s long-term viability, as covered by Cryptopolitan. 

Strive now holds 20,167 BTC, consolidating its position as the seventh-largest corporate BTC holder after buying 6,236 BTC in Q2 and 12,237 BTC between January and June.

Strive turns in Q2 results 

The key takeaways from the business documents that the Dallas-based Strive released for the three-month period that ended on June 30 are: 

• $2.94 million in revenue, up almost 100% on $1.51 million for the same period in 2025.
• $1.4 million of the gains came from medical device sales from its Semler Scientific merger.
• Diluted loss came in at $3.77 per share.
• $234.0 million of the GAAP net loss, or 94.1%, came from the falling fair-market value of Strive’s Bitcoin holdings and stake in Strategy’s preferred stock. 
• On a non-GAAP basis, the adjusted loss attributable to common shareholders was $275.0 million.

On the Bitcoin Yield metric, which actually measures the firm’s financial health against its Bitcoin position, Strive reported that it was at 23.9% for the quarter and 37.7% for the first six months, per its SEC filings. 

Debt gone, dividends paid every business day

Strive also retired all of its short- and long-term debt during the quarter, closing its accounts without any outstanding loans on its balance sheet as of August 7. The firm also reported $154.9 million in cash and a $48.0 million stake in Strategy’s preferred shares.

“Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin,” Chairman and CEO Matt Cole said in the release, calling the balance sheet “purpose-built to thrive through Bitcoin volatility.” 

Cole also spoke about Strive’s cash magnet SATA preferred stock, which now pays dividends on every business day. The CEO said SATA “became the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day,” at an annualized rate of 13.00%. 

Insiders bought while the stock fell

Company executives have been putting their own money in. Over the past six months, ASST insiders traded the stock three times, and all three were purchases, Quiver Quantitative reported. CFO Ben Pham bought 14,114 shares for an estimated $115,094, and Chief Legal Officer Brian Logan Beirne picked up 11,500 shares for roughly $100,386.

Strive is a young company in this business. It became a publicly traded Bitcoin treasury through a September 2025 merger with Asset Entities and has since built its position through open-market buys funded by at-the-market stock sales and SATA issuance. 

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