Full Press Release Details
Strive, Inc., a Nevada corporation, recently
undertook a significant strategic shift towards a mission to maximize long-term value for shareholders through the unapologetic embrace
of capitalism, meritocracy and innovation. On September 12, 2025, or the Merger Closing Date, Strive Enterprises, Inc. consummated
its merger with Asset Entities Inc., or Asset Entities, and upon the completion of such merger, the combined company, Strive, Inc.
(after giving effect to a name change by Asset Entities), became the first publicly traded asset management Bitcoin treasury corporation
- a company whose primary objectives are to (i) accumulate bitcoin; (ii) increase bitcoin-per-share; and (iii) outperform
bitcoin over the long run by deploying both beta bitcoin treasury accumulation strategies and alpha investment strategies with the goal
of beating bitcoin's investment performance as the hurdle rate. Upon completion of the above-mentioned merger, the ASST Merger,
Strive, Inc. is listed on the Nasdaq Global Market under the ticker symbol "ASST" and consummated its previously announced
private offering of its Class A common stock, pre-funded warrants and traditional warrants, the PIPE Financing, and its previously
announced exchange of its Class A Common Stock for bitcoin pursuant to Section 351 of the Internal Revenue Code of 1986, as
amended, or the 351 Exchange. Strive also continues to operate a technology company that provides social media marketing and content delivery
services across Discord, TikTok, and other social media platforms.
As of August 22, 2025, Strive managed approximately
$2 billion in assets under management, or AUM, across 13 exchange-traded funds, collective investment trusts, and a direct indexing platform.
These businesses provide recurring, fee-based revenue streams which increase with AUM, but are no longer our primary growth engine.
Corporate Information
Strive's principal executive offices are
located at 200 Crescent Court, Suite 1400, Dallas, Texas 75201, and its telephone number is (855) 427-7360. Strive maintains a website
at www.strive.com where general information about Strive is available. The contents of Strive's website are not incorporated into
An investment in Strive's securities involves
a high degree of risk. Prior to making a decision about investing in Strive's securities, you should carefully consider the specific
factors discussed in this section together with the risks, uncertainties and assumptions discussed in the sections entitled "Risk
Factors" contained in Strive's most recent Annual Report on Form 10-K and its subsequent Quarterly Reports
on Form 10-Q filed with the Securities and Exchange Comission, or SEC, and in Stride's other filings with the SEC, including
any information incorporated by reference therein. The risks and uncertainties described are not the only ones Strive faces. Additional
risks and uncertainties not presently known to Strive or that it currently deems immaterial may also affect its operations. Some statements
included in this supplement constitute forward-looking statements. See "Cautionary Statement Regarding Forward-Looking Statements"
in the accompanying Form 8-K.
Strive has a limited operating history and recently announced
its plan to launch a Bitcoin treasury strategy, making it difficult to evaluate Strive's business and prospects and may increase
the risks associated with any investment.
Strive was formed in 2022 and started formulating
and executing on its business plan at that time. In addition, Strive announced its plan to launch a Bitcoin treasury strategy in May 2025
and its management team has a limited operating history of investing in and holding Bitcoin. Strive cannot provide assurances that it
will be able to operate its business successfully or implement its operating policies and strategies, including with respect to its Bitcoin
treasury strategy, as described elsewhere herein. Strive may encounter risks and challenges frequently experienced by growing companies
in rapidly developing industries, including risks related to its ability to:
If Strive is unable to do so, its business may
suffer, its revenue and operating results may decline and Strive may not be able to achieve further growth or sustain profitability.
Strive has a history of operating losses as its business has
grown. If Strive is unable to achieve greater revenues than its operating costs or reduce operating costs, Strive will continue to incur
operating losses, which could result in the need to raise additional capital to support its operating business and negatively impact its
operations, strategy and financial performance.
Strive began its historical operating business
in 2022 and has had operating losses in each year as the business has grown. Strive has a limited operating history upon which an evaluation
of the historical business and its prospects can be based. Strive may be subject to many risks common to new and growing businesses, including
under-capitalization, cash shortages, limitations with respect to personnel, financial and other resources and lack of revenues. There
is no assurance that Strive will be successful in achieving a return on an investment or meeting other metrics of success. Strive's
future business plans, including with respect to its Bitcoin treasury strategy, require substantial expenses in the establishment and
operation of Strive's business, and there can be no assurance that subsequent operational objectives will be achieved. Strive does
not expect its historical businesses to generate return on investment sufficient to support its Bitcoin strategy. Strive's success
with respect to its Bitcoin treasury strategy will ultimately depend on Strive's ability to raise capital. If Strive does not achieve
its operational objectives, and to the extent that Strive does not raise capital or generate cash flow and income, Strive's financial
performance and long-term viability may be materially and adversely affected.
Bitcoin is a novel asset, and subject to significant legal, commercial,
regulatory and technical uncertainty.
Bitcoin is relatively novel and subject to significant
uncertainty, which could adversely impact its price. The application of state and federal securities laws and other laws and regulations
to digital assets such as Bitcoin is unclear in certain respects, and it is possible that regulators in the United States or foreign
countries may interpret or apply existing laws and regulations in a manner that adversely affects the price of Bitcoin or the ability
of individuals or institutions such as Strive to own or transfer Bitcoin.
The U.S. federal government, states, regulatory
agencies, and foreign countries may also enact new laws and regulations that could materially impact the price of Bitcoin or the ability
of individuals or institutions such as Strive to own or transfer Bitcoin. Within the past several years, the European Union adopted
Markets in Crypto Assets Regulation, or MiCA, a comprehensive digital asset regulatory framework for the issuance and use of digital assets,
like Bitcoin, the United Kingdom adopted and implemented the Financial Services and Markets Act 2023, or FSMA 2023, which regulates
market activities in "cryptoassets," and in China, the People's Bank of China and the National Development and Reform
Commission have outlawed cryptocurrency mining and declared all cryptocurrency transactions illegal within the country. While the current
U.S. administration has expressed support regarding the development and use of digital assets, and the U.S. federal government enacted
the Genius Act in July 2025, which provide a regulatory framework for the issuance of "Payment stablecoins", additional
regulatory frameworks and timeline for implementation are still to be developed.
In addition, federal, state and foreign governments
and regulatory agencies may pursue regulatory, enforcement or judicial actions. For example, in June 2023, the SEC filed complaints
against Binance Holdings Ltd. and Coinbase, Inc., and their respective affiliated entities, relating to, among other claims, that
each party was operating as an unregistered securities exchange, broker, dealer, and clearing agency, and in November 2023, the SEC
filed a complaint against Payward Inc. and Payward Ventures Inc., together known as Kraken, alleging, among other claims, that Kraken's
crypto trading platform was operating as an unregistered securities exchange, broker, dealer, and clearing agency. In November 2023,
Binance Holdings Ltd. and its then chief executive officer reached a settlement with the U.S. Department of Justice, CFTC, the U.S. Department
of Treasury's Office of Foreign Asset Control, and the Financial Crimes Enforcement Network to resolve a multi-year investigation
by the agencies and a civil suit brought by the CFTC, pursuant to which Binance Holdings Ltd. agreed to, among other things, pay $4.3 billion
in penalties across the four agencies and to discontinue its operations in the United States.
It is not possible to predict whether, or when,
new laws will be enacted that change the legal framework governing digital assets such as Bitcoin or provide additional authorities to
the SEC or other regulators, or whether, or when, any other federal, state or foreign legislative bodies will take any similar actions.
It is also not possible to predict the nature of any such additional laws or authorities, how additional legislation or regulatory oversight
might impact the ability of digital asset markets to function, the willingness of financial and other institutions to continue to provide
services to the digital assets industry, or how any new laws or regulations, or changes to existing laws or regulations, might impact
the value of digital assets generally and Bitcoin specifically. The consequences of any new law or regulation relating to digital assets
and digital asset activities could adversely affect the market price of Bitcoin, as well as Strive's ability to hold or transact
in Bitcoin, and in turn adversely affect the market price of Strive's securities. Moreover, the risks of engaging in a Bitcoin strategy
are relatively novel and have created, and could continue to create, complications due to the lack of experience that third parties have
with companies engaging in such a strategy, such as increased costs of director and officer liability insurance or the potential inability
to obtain such coverage on acceptable terms in the future. The growth of the digital assets industry in general, and the use and acceptance
of Bitcoin in particular, may also impact the price of Bitcoin and is subject to a high degree of uncertainty. The pace of worldwide growth
in the adoption and use of Bitcoin may depend, for instance, on public familiarity with digital assets, ease of buying, accessing or gaining
exposure to Bitcoin, institutional demand for Bitcoin as an investment asset, the participation of traditional financial institutions
in the digital assets industry, consumer demand for Bitcoin as a store of value or means of payment, and the availability and popularity
of alternatives to Bitcoin. Even if growth in Bitcoin adoption occurs in the near or medium term, there is no assurance that Bitcoin usage
will continue to grow over the long term.