
Bitcoin treasury company and asset manager focused on maximizing shareholder value | Nasdaq: $ASST $SATA | Subsidiaries: @strivefunds @TNorth
Dallas, TX
Joined May 2007
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Strive retweeted
Welcome Back to The Hurdle Rate
Episode 78: Bitcoin Fell, We Grew 6x
In this week’s Hurdle Rate, the crew breaks down the $700M SATS IPO, Strive’s first year as a public company, and growing from 5,886 to 36,818 $BTC through a bear market. They also discuss why $SATS is a 15% fixed rate preferred junior to $SATA, how the $ASST amplification engine was built, and what TradFi investors asked during a high yield selloff.
Here’s the latest with @ColeMacro, @PunterJeff, @Werkman, @IIICapital, and @AdamBLiv.
Timestamps:
00:00 - Intro
00:54 - Strive’s First Year
06:58 - 6x the Bitcoin in a Bear Market
14:40 - The Amplification Engine
22:18 - The Dream Bear Market
25:22 - Why SATS Is 15% Fixed
34:32 - Designing SATS
42:27 - Treasury Breakeven ARR
46:40 - The Digital Credit Bubble
55:54 - Pricing Through a High Yield Selloff
01:01:13 - What’s Your LTV?
01:06:30 - The 18-Month Dividend Reserve
Dividends are subject to board declaration. For more important information check out our 8k sec.gov/ix?doc=/Archives/edg… and our prospectus and prospectus supplements on file with the SEC at sec.gov.
Strive retweeted
Strive announces upsized IPO of $SATS to $700M notional, priced at $90 per share.
We'll discuss the details in depth on the next @HurdleRatePod, which will be released when the IPO settles next Tuesday.
Strive retweeted
If you want to be a "select investor" in the $SATS IPO, visit the Fidelity brokerage platform in the link below. The Fidelity indication of interest window ends today.
For additional information please visit the SATS IPO website at strive.com/sats-ipo/.
Replying to @Strive
To find out how to participate, speak to your broker or visit the Fidelity brokerage platform at digital.fidelity.com/prgw/di…
Strive is offering $SATS through an IPO available to select investors.
- 15% fixed-rate perpetual preferred stock
- Cumulative dividends paid every business day
- Junior to SATA
INVESTOR PRESENTATION TIMESTAMPS
00:00 - Introducing SATS
01:46 - Executive Summary
18:50 - SATS Improves SATA
21:06 - Dividend and Balance Sheet Strength
27:33 - Performance and Liquidity
30:48 - Bitcoin Thesis
40:26 - Amplification and Risk
$SATS $ASST $SATA
Strive plans to release an 8-k with additional information regarding final warrant exercises and additional Bitcoin purchases tomorrow pre-market open.
Please visit our website for additional information regarding SATS: strive.com/sats-ipo














