Sep 1, 2026 2:21 PM
Updated Sep 1, 2026 6:45 PM

An SEC-registered asset manager that has made Bitcoin its balance sheet, holding nearly 20,000 BTC.

Strive (NASDAQ: ASST) is a structured-finance company and institutional asset manager with two engines: an SEC-registered investment advisory business, and one of the world's largest corporate Bitcoin treasuries. The company holds roughly 19,864 BTC after acquiring 12,237 bitcoin in the first half of 2026, and treats Bitcoin as the hurdle rate for every capital-allocation decision. It debuts at No. 5 on the Roundtable 100 with a Power Ranking of 79, including a 98 on both Safety and Growth.

The reported numbers need translation. Second-quarter revenue was $2.94 million, up 94.6% year over year, helped by medical-device sales from its completed merger with Semler Scientific, which brought additional Bitcoin and operating assets onto the balance sheet. The headline net loss of $283.8 million is dominated by accounting treatment of the Bitcoin position and merger-related items rather than cash operating losses, which is why the committee's Safety score diverges so sharply from the GAAP bottom line.

The thesis the committee is scoring: a regulated asset manager whose treasury compounds in Bitcoin is a different animal from either a pure crypto play or a traditional advisor, and at a $2.26 billion market cap it remains small enough to move fast.

See the full Roundtable 100 list here.

Related stories

Not investment advice. Rankings reflect the views of Roundtable analysts as of the ranking date.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy