Strive (ASST) Stock: 💎 Bitcoin Treasury Bet & 12-20% Leverage vs. $192M GAAP Loss

Welcome back to Griffonomics, where we conduct financial investigations to define the risk before we look at the reward. Today, we're diving into Strive, Inc. (ASST).

The Risk: We analyze the *crippling cost of capital**: the **SATA Perpetual Preferred Equity* carries a non-discretionary dividend rate starting at *12.00%* and compounding up to *20%**. We detail the structural shock of the Q3 report, which included a **$192.3 Million GAAP Net Loss* (93.2% non-cash impairment). We examine the *high-leverage model* which requires *Bitcoin to appreciate dramatically* just to break even.

The Reward: We define the scale ambition: the acquisition of *Semler Scientific* will boost holdings to *over 10,900 BTC* (pro forma). We highlight the *$1.5 Billion potential funding* (PIPE and warrants) and the *Alpha Strategy* to acquire Bitcoin *accretively**. We detail the **anti-ESG focus* of "**unapologetic capitalism**" and the long-term goal to *outperform Bitcoin* (their core hurdle rate).

🎥 Video Chapters
Intro: Defining the Core Conflict and the Investment Thesis
Core Business and The Revenue Paradox
Bitcoin Accumulation and Scale
Financial Engineering: The Cost of Leverage (Beta Strategy)
Financial Health and Risk Profile
FINAL VERDICT: High-Stakes Financial Engineering vs. Unproven Profitability


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The content provided on the Griffonomics channel is for informational and educational purposes only and reflects the creator's personal opinions and research for their own portfolio. It is NOT financial advice. Always conduct your own thorough research before making any investment decisions.