SATA Strive, Inc.
Price Chart
Executive Summary
Strive reported Q1 2026 results with total revenue of $2.76M (up 94% YoY from $1.42M, largely due to the Semler acquisition adding medical device revenue), but GAAP net loss widened to $265.9M from $3.7M a year ago, driven by a $295.8M unrealized loss on bitcoin holdings. The company also announced it will begin paying daily dividends on its SATA preferred stock at a maintained 13.00% annual rate starting June 16, 2026, and disclosed it has fully repaid all debt, leaving it debt-free with 15,009 bitcoin on the balance sheet.
Actionable Insight
The daily dividend innovation on SATA preferred is a structural positive for the preferred ticker, but the common stock (ASST) remains a leveraged play on bitcoin price with no operating earnings. The debt-free status and continued bitcoin accumulation are bullish for the bitcoin-per-share thesis, but the GAAP losses and dilution from preferred issuance are headwinds. Monitor bitcoin price action and any further preferred offerings.
Key Facts
- Q1 2026 total revenue $2.76M vs $1.42M YoY (94% growth), driven by $1.37M in medical device revenue from Semler acquisition
- GAAP net loss of $265.9M, of which $295.8M (96.6%) was attributable to fair value decrease in bitcoin holdings
- Non-GAAP adjusted net loss attributable to common stockholders of $319.7M, or $5.19 per diluted share
- Bitcoin treasury grew to 15,009 BTC as of May 12, 2026, after acquiring 6,001 BTC in Q1 and 1,381 BTC post-quarter
- Company fully debt-free as of May 12, 2026, having repurchased remaining long-term notes payable
- SATA preferred stock dividend rate maintained at 13.00% per annum; dividends will be paid daily starting June 16, 2026
- Cash and cash equivalents of $87.6M as of May 12, 2026; STRC Stock position valued at $50.5M
- SATA preferred shares outstanding increased to 4,959,536 from 2,012,729 at year-end 2025, reflecting continued capital raises
Financial Impact
Revenue grew ~94% YoY to $2.76M, but GAAP net loss ballooned to $265.9M from $3.7M, almost entirely from bitcoin mark-to-market. The core operating loss (excluding bitcoin and non-recurring items) was approximately $13.7M.
Risk Factors
- Bitcoin price decline directly impacts GAAP earnings and balance sheet, as $295.8M of Q1 loss was from bitcoin fair value changes
- Continued dilution from SATA preferred stock offerings (shares outstanding more than doubled to 4.96M from 2.01M since year-end)
- Core operating business (investment advisory, medical devices) remains small and unprofitable on a GAAP basis
- Daily dividend requirement on SATA preferred creates ongoing cash obligation; company stated it does not expect to generate current earnings and profits
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-034804 |
| Document: asst-20260514.htm | 0001628280-26-034804 |
| Document: 0001628280-26-034804-index-headers.html | 0001628280-26-034804 |
| Document: 0001628280-26-034804-index.html | 0001628280-26-034804 |
| Document: 0001628280-26-034804.txt | 0001628280-26-034804 |
| 8-K Data (Synthetic) | 0001628280-26-034804 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
1d ago
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8-K
| $94.38 awaiting T+1 | awaiting T+1 | — | $97.20 (+2.99%) |
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Jun 5, 2026
4d ago
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424B5
| $94.38 awaiting T+1 | awaiting T+1 | — | $97.20 (−2.99%) |
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Jun 2, 2026
7d ago
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8-K
| $97.32 $96.91 | ▼ −0.42% | ▲ +0.27% | $97.20 (−0.12%) |
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Jun 1, 2026
8d ago
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8-K
| $99.56 $97.32 | ▲ +2.25% | ▲ +2.39% | $97.20 (+2.37%) |
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May 26, 2026
14d ago
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8-K
| $100.01 $100.01 | · 0.00% | ▼ −0.01% | $97.20 (−2.81%) |
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May 19, 2026
21d ago
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8-K
| $100.01 $100.00 | ▼ −0.01% | ▼ −1.05% | $97.20 (−2.81%) |
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May 14, 2026
26d ago
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8-K
| $98.84 $98.92 | ▲ +0.08% | ▲ +1.31% | $97.20 (−1.66%) |
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May 14, 2026
26d ago
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8-K
| $98.84 $98.92 | ▲ +0.08% | ▲ +1.31% | $97.20 (−1.66%) |
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May 4, 2026
5w ago
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8-K
| $99.29 $99.59 | ▲ +0.31% | ▼ −0.49% | $97.20 (−2.10%) |
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Apr 27, 2026
6w ago
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8-K
| $98.91 $99.99 | ▲ +1.10% | ▲ +1.58% | $97.20 (−1.73%) |
US Market Status
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