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Strive acquired 1,107 $BTC for $94.5M at an average cost of $85,396 per bitcoin, bringing total holdings to ₿27,462. Warrant exercises generated another $12.4M. Including those proceeds, 85% of total capital raised came from SATA. $ASST $SATA

Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 78th consecutive dividend to shareholders.

Strive Tracking Day 132 $ASST is now ranked 1,377th largest public US company by market cap. Jumped 24 companies today. 40x to top 100. 6x to top 500. 447th largest by dollar volume. $225,000,000+ traded today.

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$STRC and $SATA are among the two most liquid preferred equities issued to date. 18-month distribution reserves. Tax-advantaged distributions. Governance protections. Digital credit sits between traditional fixed income and common equity. DCAP is built to own it. For more information, including risks and to view a prospectus, visit digitalcreditetfs.com Distributed by: PINE Distributors LLC

Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 77th consecutive dividend to shareholders.

The Berkshires of Bitcoin | True North Podcast | Ep. 80 Featuring @PunterJeff, @IIICapital, and @AdamBLiv. Timestamps: 00:00 Intro 03:27 Episode Overview: Market close, balance sheets, Berkshire, derivatives 05:47 Meet the Crew: Adam Livingston joins Strive 11:29 Strategy $MSTR Balance Sheet: $BTC holdings, cash, converts, $STRC buybacks 15:23 Strive Balance Sheet: $ASST $SATA, dividend coverage, warrants, amplification 26:13 Risk Management and Volatility: Four-year cycle, drawdowns, credit flows 29:09 Traditional Credit vs. Digital Credit: Probability of outcomes, tail risk 40:35 Berkshire Hathaway Parallels: Capital, insurance float, risk taking 51:39 Strategy vs. Berkshire: Float growth, digital credit engine 58:55 Derivatives Market: ASST warrants, options open interest 1:04:26 MSTR and $IBIT Options: Open interest, hedging, liquidity 1:08:02 STRC Options Market: Puts, strikes, yield enhancement 1:15:01 Final Thoughts

UPDATE True North is entering its next chapter. SEASON 3. Episode 80. We started True North to raise the standard of analysis around Bitcoin, Bitcoin related public companies, and the capital markets forming around the network. A source of truth in a noisy world. That mission matters more than ever as Bitcoin moves deeper into the frontier of capital markets. Bitcoin is no longer just a “number go up” conversation. It is about treasuries, balance sheets, credit, public securities, custody, cybersecurity, AI, digital risk, and the businesses being built around the network. It is broad. Real. And increasingly difficult to understand. There's also a real community being built around this fast growing world and ecosystem. So True North is becoming more focused. Going forward, True North will operate as the Investment Grade Bitcoin Platform: a research led platform for high-quality analysis of Bitcoin, treasury companies, capital structure, macro, market structure, custody, and the broader ecosystem. The format will be sharper. The distribution will be better. The research will be more deliberate. The guest roster will be more curated. The community development will be way more fun. The standard will be higher. 🟩👆 We will bring in outside investors, operators, analysts, and builders when they bring a differentiated perspective that makes the work better. We will also be hosting curated in-person events around the world. I’m grateful to the original True North contributors who helped build the first two seasons. Their time, conviction, perspective, and willingness to think seriously in public created the foundation for this next chapter and evolution. We will bring back original voices for reunions, major market moments, and entertaining conversations (When we need a rundown from @GrainofSaltSF on attacking the tail or "getting a Diet Coke"). The mission remains the same: Maintain the signal within the noise. Educate the masses. Build Community. Upgrade the world. True North will continue to be powered by Strive, and not intend to be monetized. We will continue to operate with high integrity, transparency and respect. The Wednesday show will premiere on YouTube, with the goal of maintaining the same weekly cadence. Each episode will then be published across X and streaming platforms with timestamps and formats built for easier consumption. The next chapter starts today. 🫡 PJ

Joined Bloomberg @crypto to discuss Bitcoin’s path to $500K, the Bitcoin treasury model, and how @Strive plans to outperform Bitcoin. TIMESTAMPS 0:00 Bitcoin’s Path to $500K 2:10 Buying Bitcoin at Higher Prices 2:59 What Has to Break? 4:10 Is the Treasury Model Back? 5:22 Tokenized Equities vs. Treasury Companies 6:04 How Strive Outperforms Bitcoin $BTC $ASST $SATA

Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 76th consecutive dividend to shareholders.

Welcome Back to The Hurdle Rate Episode 75: Growing Trust Grows Liquidity In this week's Hurdle Rate, the crew breaks down Strive adding 1,355 BTC, Bitcoin's breakout, and why short-term traders may miss the move. They also discuss how digital credit could reshape the next bull market, why liquidity is the clearest measure of trust, and what @saylor and Warren Buffett teach about building balance sheet companies. Here's the latest with @ColeMacro, @PunterJeff, @Werkman, and @TimKotzman Timestamps: 00:00 - Intro 02:40 - Strive's Balance Sheet Growth 06:13 - Bitcoin's Breakout 08:23 - Warrants and Short-Term Trading 13:38 - Zoom Out and Stay in the Game 21:31 - Digital Credit Changes the Bull Run 23:09 - $SATA Volume and 75 Dividends 26:00 - Liquidity Is Trust 32:03 - Why Digital Credit Isn't for Everyone 37:20 - Building Strategy's Liquidity Engine 41:49 - Lessons From @saylor and Buffett 50:04 - The Return of Balance Sheet Companies $MSTR $STRC $ASST $SATA $BTC

Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 75th consecutive dividend to shareholders.

Strive Tracking Day 129 $ASST is now ranked 1,394th largest public US company by market cap. Fell 4 companies today. 42x to top 100. 6x to top 500. 195th largest by dollar volume. $520,000,000+ traded today.

Fresh off Schwab Network Live talking about what comes after Bitcoin winter, our 50% CAGR thesis, the macro setup, and Strive’s Bitcoin treasury strategy. TIMESTAMPS 0:00 Is Bitcoin Winter Over? 1:08 Bitcoin’s Path to $500K 2:48 A Weaker Dollar Benefits Bitcoin 4:32 Bitcoin vs. Gold 5:28 Why Bitcoin Is Rising 6:44 Midterms & the CLARITY Act 7:42 Strive’s Bitcoin Treasury Strategy $BTC $ASST $SATA

Judging by all the people tagging me this AM, it seems likely driven by people selling anticipating warrant holders might be selling. 😂 Zoom out just a bit & Strive couldn't be positioned better. We're always open to feedback, but at least wait for the weekly 8k to react to our capital markets activity.

Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 74th consecutive dividend to shareholders.

Strive acquired 1,355 $BTC for $107.7M at an average cost of $79,475 per bitcoin, bringing total holdings to ₿26,355. Warrant exercises began last week, generating $21.2M in gross proceeds. Including those proceeds, 57.7% of total capital raised came from SATA. $ASST $SATA

One month after the “no controlled burn” announcement, $ASST delivered a 135% total return, making it the #1-performing small-cap stock in America and #2 across the U.S. stock market.

$ASST was the top performing equity in the Russell 2000 in the last month. +135% And the 2nd best performer in the Russell 3000 in the last month, behind Moderna.