Strive Posts $257.6M Q2 Loss as Bitcoin Holdings Slump
ASST sits 78% above its 52-week low of $7.02.
Summary
Strive's Q2 net loss widened to $257.6 million, driven by unrealized losses on its Bitcoin and preferred equity holdings. Revenue came in at $2.94 million. This follows the 8-K filed earlier today and the Q1 loss of $279.36 million — the company remains deeply tied to crypto price swings. Despite the loss, Strive retired all debt and began daily preferred dividends. Analysts remain bullish with a median $28 target, but the stock trades at 5x forward earnings, reflecting skepticism. The massive ATM programs (over $5 billion combined) continue to dilute shareholders as the company funds Bitcoin purchases.
At the time of this announcement, ASST was trading at $12.47 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $7.02 to $252.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.