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Strive, Inc.ASSTCompetitor analysis, valuation and peers

United States · USD·Financials›Financial Conglomerates

'Anti-ESG' asset manager turned bitcoin-treasury company that holds bitcoin on its balance sheet and runs ETFs.

≈ A small MicroStrategy with an asset-management armMomentum leader 95
Mkt cap
$2.73B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$223M
20-day average traded
Fwd P/E
4.2×
forward earnings
ROIC−WACC
n/a
WACC 19.8%
Hurdle
n/a
no reverse DCF
Next earnings
7 days
13 Nov 2026
Close · USD$21.45
1D+4.2%
1W-3.4%
1M-24.0%
3M+72.4%
6M+34.7%
YTD+45.3%
1Y-26.5%
ATR %10.4%
Beta3.46
52w lowhigh37.6% off high

What Strive does

'Anti-ESG' asset manager turned bitcoin-treasury company that holds bitcoin on its balance sheet and runs ETFs.

In one line: A small MicroStrategy with an asset-management arm.

Products and services

  • ETFs / asset management
  • Bitcoin treasury holdings

Customers

  • retail and institutional ETF investors

Where it sits in the supply chain

  • Asset management / digital assets
  • Investment management + corporate…
  • ETFs and direct bitcoin holdings

What could go right

  • Bitcoin price appreciation
  • Capital-markets access for further BTC purchases

What could go wrong

  • Bitcoin price declines / balance-sheet volatility
  • Reliance on continued equity/debt issuance

Moat: none (brand). 'Anti-woke' branding differentiates its ETF business, but the bitcoin-treasury strategy has no structural moat.

Headquarters: Columbus, Ohio, US · Founded: 2022 · Employees: 28

Named competitors

Strive at a glance

Size Strive (ASST) is a United States Financials company (Financial Conglomerates) with a market value of $2.73B, the 1603rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.45 on 6 Nov 2026.

Performance Over six months the shares gained 34.7%, against +2.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 650.3% over the last twelve months (peer median +19.3%); the operating margin is -14,415.6% (peer median 18.2%).

Valuation It trades at 4.2× forward earnings against a peer median of 20.0× (cheapest of 16).

Credit Strive has 1 bond outstanding ($0).

Short interest Short interest is 16.7% of the free float (15 Oct 2026).

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026ASST 119Peer median 104
Six months, rebased to 100: Strive against the median of its 20 peers (local-currency closes).

Strive financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$5.70M$5.73M$633,489$277,038$343,106
Revenue growth—+805%+129%-19%—
Gross profit-$621,000-$603,000$630,778$276,304n/a
EBITDA-$821M-$253M-$6.40M-$4.93M-$645,260
Net income-$931M-$421M-$6.39M-$4.93M-$645,255
Free cash flow-$79.3M-$43.2M-$4.90M-$3.82M-$602,830
Capital expenditure$215,000$215,000$400,000$113,559$0
Total debt$3.32M$3.51M$0$0$0

Quarterly statements and history in the cockpit →

Strive competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%600032KYIVROKO-BPURRBUREGBDCFMONCBIONKINV-ACGEOSTOR-B3396MFINDIGRIDTIP8YZPEUGLUNRAIILZEGASST6-month return →1-month return →
Up and to the right = strong over both horizons. Strive is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%+600%0×2,500×5,000×7,500×KYIVROKO-BBIONKINV-ATIPPEUGASSTRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Strive is the large dot.

Strive competitors and peer comparison

Head to head with its named competitors (ASST vs MSTR vs 3350.T vs BLK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Strive ASST$2.73B+35%+650%-14,416%4.2×n/a
Strategy MSTR$54.5B-31%+4%-9%5.5×n/a
Metaplanet 3350.T$2.05B-27%+290%62%n/an/a
BlackRock BLK$192B+9%+24%36%18.9×n/a

How Strive compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Strive against its 20 peers (data as of 6 Nov 2026)
MeasureASSTPeer medianRank in peer set
1-month return-24.0%+4.5%2nd lowest of 21
6-month return+34.7%+2.6%2nd highest of 21
Distance from 52-week high-37.6%-13.9%4th lowest of 21
Revenue growth (TTM)+650.3%+19.3%2nd highest of 17
Operating margin-14,415.6%18.2%lowest of 18
Forward P/E4.2×20.0×cheapest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Strive ASSTUnited States$2.73B+35%+650%-14,416%4.2×n/an/a
Zhejiang Provincial New Energy Investment 600032.SSChina$2.59B-27%-6%27%n/an/an/a
Kyivstar KYIVUnited States$2.96B-4%+26%36%9.0×n/an/a
Roko ROKO-B.STSweden$2.97B+14%+20%18%25.6×n/an/a
Hyperliquid Strategies PURRUnited States$2.45B+104%n/a-60%24.0×n/an/a
Bure Equity BURE.STSweden$2.30B+12%-3%2,018%n/an/an/a
Golub Capital BDC GBDCUnited States$3.31B-3%-9%60%9.9×n/an/a
Financiere Moncey FMONC.PAFrance$2.19B-21%n/an/an/an/an/a
BB Biotech BION.SWSwitzerland$3.45B+13%+125%491%20.0×n/an/a
Kinnevik KINV-A.STSweden$2.04B+27%+675%-9,423%7,720.0×n/an/a
Georgia Capital CGEO.LUnited Kingdom$2.03B+20%n/an/an/an/an/a
Storskogen STOR-B.STSweden$1.97B+25%+2%6%11.6×n/an/a
Legend 3396.HKHong Kong$4.03B+34%+27%4%4.8×n/an/a
Wendel MF.PAFrance$4.14B0%-13%12%29.9×n/an/a
IndiGrid Infrastructure Trust INDIGRID.NSIndia$1.72B-1%+52%41%21.4×n/an/a
Tamburi Investment Partners TIP.MIItaly$1.72B+5%+353%-539%14.0×n/an/a
Yangzijiang Maritime Development 8YZ.SISingapore$1.59B-14%+18%74%12.4×n/an/a
Peugeot Invest PEUG.PAFrance$1.54B-16%-101%n/a6.3×n/an/a
LunR Royalties LUNR.TOCanada$1.46B-28%n/a-53%311.3×n/an/a
Authum Investment & Infrastucture AIIL.NSIndia$5.14B+16%-23%79%n/an/an/a
Zegona Communications ZEG.LUnited Kingdom$5.17B-5%+55%8%46.4×n/an/a

Strive bonds and credit

Strive has 1 bond outstanding with $0 face value.

Every bond, yield and spread in the cockpit →

Questions

Who are Strive's main competitors?
Named competitors: Strategy (MicroStrategy) (MSTR), Metaplanet (3350.T), Semler Scientific (private or unlisted), BlackRock (BLK). The cockpit's measured peer set (industry) also includes Zhejiang Provincial New Energy Investment (600032.SS), Kyivstar (KYIV), Roko (ROKO-B.ST), Hyperliquid Strategies (PURR), Bure Equity (BURE.ST), Golub Capital BDC (GBDC).
Is Strive expensive compared with its peers?
On forward p/e it trades at 4.2× against a peer median of 20.0×, cheapest of 16 in its peer set.
How has Strive stock performed?
Over six months to 6 Nov 2026 the shares returned +34.7% against +2.6% for the median peer; over one year -26.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.