Fundamentals snapshot
SATA · NGM · Financial Services · Asset Management
Current price
$98.00
52-week range
$79.01 - $101.35
Market cap
—
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $185.00M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Strive, Inc. is an investment manager that helps other investment companies by managing their portfolios, primarily using exchange traded funds. The money it makes comes mainly from fees charged for its advisory services, which is important because it shows how the company earns its keep. Since Strive is relatively new, founded in 2022, it is still building its track record in Dallas, Texas.
Strive, Inc. was founded in 2022 with a mission to maximize long-term value for shareholders by embracing capitalism and innovation. A significant turning point was its merger in September 2025, which transformed it into the first publicly traded asset management Bitcoin Treasury Corporation. This strategic move integrated Bitcoin into its corporate balance sheet and investment portfolios, setting Bitcoin as the benchmark for its capital allocation decisions. The company's approach is rooted in the belief that Bitcoin will appreciate over time, driving accountability and strategic investment discipline.
Strive, Inc. operates as a structured finance company and an institutional asset manager. Its core strategy involves accumulating Bitcoin, using capital raised from issuing debt and equity securities. The company aims to enhance shareholder value by increasing its Bitcoin holdings and potentially generating returns from Bitcoin that exceed traditional investments. Strive also offers preferred stock, known as SATA, which provides investors with a fixed annual dividend and aims for tax deferral benefits.
The Asset Management segment is Strive's primary revenue generator, accounting for the majority of its income. This division provides investment advisory services to clients, managing assets such as exchange-traded funds (ETFs) and direct indexing strategies. Strive measures the performance of these portfolios against Bitcoin rather than traditional financial benchmarks, reflecting its core strategy. The firm manages a significant amount of assets under its advisory services.
This segment, often referred to as 'Corporate & Other,' represents Strive's direct involvement with Bitcoin. The company uses its corporate capital to acquire and hold Bitcoin for the long term. The goal is to benefit from potential Bitcoin price appreciation and to use Bitcoin as a 'hurdle rate' – a benchmark against which all investment opportunities are measured to ensure they align with the objective of maximizing long-term shareholder value and compounding purchasing power.
Strive's management is focused on growing its Bitcoin holdings and enhancing shareholder value through disciplined capital allocation. They are betting on Bitcoin's long-term appreciation as a key driver of returns. The company is also focused on strengthening its balance sheet and improving risk management. By strategically adopting Bitcoin as its benchmark for investment decisions, Strive aims to achieve higher returns and compound purchasing power for its stockholders over time.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $185.0M - more cash than debt. Interest coverage -28.5x.
Strive, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $3.32M Interest coverage -28.50x This is the baseline the peer rows are being compared against.
Total debt $14.97B Interest coverage 12.88x This peer still has a real interest-payment cushion, while SATA does not.
Total debt $56.16B Interest coverage 0.16x This peer still has a real interest-payment cushion, while SATA does not.
Total debt $41.88B Interest coverage 22.32x This peer still has a real interest-payment cushion, while SATA does not.
Total debt $4.30B Interest coverage 14.82x This peer still has a real interest-payment cushion, while SATA does not.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know