mNAVwatch

ASST · USD · dashboard as of Oct 16, 2026

Strive, Inc.

Share price $27.32₿36,818 heldSource: company dashboard + filings
Trades above liquidation value

Assets against the capital stack

Liquidation value to common$1.97B$15.90 per share
Market value of common$3.39B$27.32 per share
Share price move to match liquidation value−41.8%premium $1.42B · −42% upon liquidation
Assets, if sold todayClaims + common at market−41.8%to matchassets $4.03Bclaims + market $5.49Bcommon$1.97BBitcoin$3.08BCash$947.5MSATA preferred$1.40BSATS preferred$700.0MCommon at market$3.39BAssetsClaims + market−41.8%$4.03B$5.49Bcommon$1.97BBitcoin$3.08BCash, other$947.5MSATApreferred$1.40BSATSpreferred$700.0MCommon atmarket$3.39B

Hover or tap a block for detail.

  • Left out of the bars for simplicity: other assets $49.4M.
  • Not in the stack: stock options and unvested stock awards, for simplicity.
% gain/loss upon liquidation−42%Liquidation mNAV 1.72x
Liquidation value / share$15.90124,064,000 shares
Market price$27.32market cap $3.39B
Wipe-out BTC price$30,06464% below the current BTC price
$83,632live

Who gets paid, in order

RankClaimPosition in the stack (teal paid, red unpaid)RecoveryImpaired below BTC
–Assets realized₿36,818 BTC $3.08B + cash and other $996.9M
$4.08B
1SATA Variable Rate Series A Perpetual Preferredclaim $1.40B
100%$11,051
2SATS 15.00% Series A Perpetual Preferred (cumulative)claim $700.0M
100%$30,064
–Common shareholders124,064,000 shares
$1.97B$15.90 / share

Does Strive, Inc. try to beat BTC?

  • Issues preferreds (SATA, SATS) source
  • Holds Strategy preferreds (STRC) for yield source
  • Plans to sell the Semler operating business source

Inputs and sources

InputValueSource
BTC holdings₿36,818
Strive Bitcoin Treasury Dashboard, BTC tab · Oct 16, 2026
Total BTC held per the BTC/ASST tab
Cash$947.5M
Strive Bitcoin Treasury Dashboard, ASST tab · Oct 16, 2026
Dashboard cash $317.50M (Oct 16) + SATS gross proceeds ~$630M (pro forma; SATS dashboard update due Oct 26; underwriting fees not yet disclosed, so not deducted)
Common shares124,064,000
Strive Bitcoin Treasury Dashboard, ASST tab · Oct 16, 2026
Effective shares outstanding, 'last reported' column (Class A 114,848k + Class B 9,217k; thousands, rounded)
SATA Variable Rate Series A Perpetual Preferred$1.40B
Strive Bitcoin Treasury Dashboard, SATA tab · Oct 16, 2026
14,030,176 shares x $100 liquidation preference
SATS 15.00% Series A Perpetual Preferred (cumulative)$700.0M
Strive 8-K Ex. 99.1: Pricing of Upsized IPO of SATS Stock, Ex. 99.1 · Oct 16, 2026
7,000,000 shares x $100 stated amount. Preference floats with the trading price once listed (max of stated, last sale, 10-day average); stated used until it trades. Pro forma: settles Oct 20, 2026

All figures from company dashboards unless only available from the most recently filed financials.