Strive Reports $257.6M Q2 Net Loss Driven by Bitcoin Volatility, Continues Heavy ATM Dilution
ASST sits 78% above its 52-week low of $7.02.
Summary
Strive, Inc. reported a $257.6 million net loss for Q2 2026, largely due to unrealized losses on Bitcoin, while continuing to raise substantial capital through dilutive ATM offerings for common and preferred stock.
Key Events · Earnings and Guidance · ASST
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Significant Q2 Net Loss
Strive, Inc. reported a net loss of $257.6 million for the three months ended June 30, 2026. This loss was largely driven by a $228.0 million non-cash unrealized loss on its digital assets (Bitcoin) and $26.2 million in preferred stock dividends.
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Substantial Dilution from ATM Offerings
During Q2 2026, the company issued 12.8 million shares of Class A common stock for $211.3 million and 3.5 million shares of preferred stock for $345.7 million through its ATM programs. Post-quarter, an additional 3.4 million common shares were issued for $43.0 million by August 7, 2026. The company retains approximately $4.36 billion in combined ATM capacity.
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Debt-Free Status Achieved
Strive successfully retired all assumed $100.0 million convertible notes and a $20.0 million Coinbase loan during the first half of 2026, achieving a debt-free balance sheet.
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Bargain Purchase Gain from Merger
The company recognized a $66.7 million bargain purchase gain from the acquisition of Semler Scientific, Inc. in January 2026, which also added $444.0 million in digital assets.
Analysis · ASST · Crypto Assets
Strive, Inc. reported a significant net loss for Q2 2026, primarily due to non-cash unrealized losses on its digital asset holdings. This financial performance, coupled with substantial capital raises through dilutive at-the-market (ATM) offerings for both common and preferred stock, highlights the company's aggressive, yet volatile, Bitcoin treasury strategy. While the company achieved a debt-free status and recognized a bargain purchase gain from a recent merger, the ongoing reliance on equity financing and the impact of digital asset price fluctuations are critical factors for investors. The Q2 net loss was previously announced via an 8-K on the same day, but this 10-Q provides the full financial details and context.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 37.2% of the 984 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.83%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, 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 filing was assessed with negative market sentiment and an importance score of 8 out of 10.