- Bitcoin’s fall to below $70,000 added pressure on the cryptocurrency-linked stock.
- Strive chairman and CEO Mathew Cole said he sees a “multi-trillion dollar opportunity” in digital credit and believes SATA can provide those gains for the company.
- On Stocktwits, retail sentiment around the company rose to ‘extremely bullish’ from ‘bullish’ territory over the past day.
Shares of Vivek Ramaswamy-backed Strive Asset Management (ASST) fell in pre-market trade on Thursday morning amid Bitcoin’s (BTC) slide after the company reported fourth quarter earnings that missed analyst expectations.
The company reported earnings of $1.5 million, below the consensus estimate of $1.6 million, as per Fiscal.AI data. Earnings came in at a loss of $9.04 per share, much higher than the estimated loss of $0.2 per share.
ASST’s stock fell nearly 3% in pre-market trade after Bitcoin’s price slid to below $70,000 on Thursday morning. This comes after the stock fell nearly 10% in the previous session. Retail sentiment, however, rose to ‘extremely bullish’ from ‘bullish’ territory over the past day, with chatter at ‘high’ levels on Stocktwits.
Strive CEO Sees ‘Multi-Trillion Opportunity’ In SATA
“Out of the numerous successes Strive had in our first six months as a public company, the most important was cementing our foundation as a structured finance company laser-focused on digital credit,” said Matthew Cole, chairman and chief executive officer.
He added that the company sees a “multi-trillion dollar opportunity” in digital credit and believes its preferred shares, called SATA, offer a scalable solution for investors seeking double-digit yields with limited volatility.
In Q4 of 2026, the company reported $83.7 million in cash and cash equivalents. Its holdings in STRC stock were valued at $50.4 million. Strive also reported 59.3 million Class A shares, 9.9 million Class B shares, and 4.3 million SATA shares outstanding.
Strive Adds Buys Another 317 Bitcoin
Strive’s financial results also showed that the company had a total of 13,627 Bitcoin on its balance sheets, 317 BTC higher than its last tally of 31,310 BTC reported last week. At Bitcoin’s current price, this puts the value of its holdings at around $948 million.
In Q4, the company reported a Bitcoin yield of 22.2% and 13.8% quarter-to-date yield for the first quarter of 2026, through March 17. Strive said it generated a Bitcoin gain of 1,305 BTC worth $114.3 million over the last quarter and 1,050 BTC worth $78.2 million so far in the first quarter.
ASST’s shares have fallen over 33% this year, while Bitcoin’s price is down around 20%.
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