KayJay

∞/21M
Bitcoin, AI, & Energy Amplification
$BTC $ASST $IREN $WULF $BKKT $OPEN

[KayJay @KayJayInvesting]

Another excellent week for Strive $ASST. Let's take a look at their financials, as of 10/5/26.

Balance Sheet:
- Bitcoin reserve: ₿29,462 worth $2.53B
- Cash reserve: $284.7M
- Marketable securities: $50.2M in STRC
- Treasury asset value: $2.86B
- Debt: $0

SATA Perpetual Preferred Dividend Coverage:
- Shares outstanding: 13.5M
- Market price: $100
- Preferred liquidation preference: $1.35B
- Annual dividend rate: 13%
- Annual dividend obligation: $175.5M
- Monthly dividend obligation: $14.6M
- Duration of coverage (cash + STRC): 23 months

[KayJay @KayJayInvesting]

Grouping all digital asset treasury companies (DATs) into a single category makes no sense. The reality is, they differ substantially based on their strategies and conviction.

1| Capital-market Treasuries (MSTR, ASST, etc.).
a| Preferred (digital credit) issuers
b| Convertible note issuers
c| Common ATM issuers

2| Bitcoin Operating Companies
a| Miners/AI datacenters (MARA, CLSK, HUT, ABTC, etc)
b| Exchanges/custodians (COIN, GEMI, GLXY, etc.)

3| Non-Bitcoin Operating Companies
a| Highest conviction (XYZ, etc.)
b| Mid conviction (DDC, etc.)
c| One-time allocators (TSLA, SPCX, GME, etc.)

[KayJay @KayJayInvesting]

@mikealfred Have a great time in Napa with the fam!

[KayJay @KayJayInvesting]

How much bitcoin do you think Strive stacks this week between the momentum of the preferred and the warrants getting exercised?

I typically try to be conservative, but I can realistically see ~₿3,500 from this week alone. That would be over 13% yield in a single week. Maybe I am too bullish lol.

[KayJay @KayJayInvesting]

@OrsonVega Looks about right 👍

[KayJay @KayJayInvesting]

@WClemente GameStop purchased 4,710 Bitcoin for approximately $513 million in May 2025. Aside from that, nothing.

I would expect we start seeing new major buyers in the next year.

[KayJay @KayJayInvesting]

@PunterJeff $516M in volume and the common was mostly flat for the day... while Bitcoin jumped 7%. IYKYK.

[KayJay @KayJayInvesting]

@piovincenzo_ 26,355 😉

[KayJay @KayJayInvesting]

$ASST needed time to cool off. Probably the warrants getting exercised or investors getting antsy about the warrants getting exercised lol. It’ll be much higher soon. The team continues to execute on all cylinders. Onward.

[KayJay @KayJayInvesting]

Keep in mind warrants, increased volume on the common, and of course SATA continuing its run at par.

[KayJay @KayJayInvesting]

How much bitcoin do you think Strive $ASST bought last week?

[KayJay @KayJayInvesting]

@tiri_220 Pet rock

[KayJay @KayJayInvesting]

@ZynxBTC I’m scared and shaking in my boots, Zynx. My whole net worth is inside ASST and I still feel like I don’t own enough. Please hold me.

[KayJay @KayJayInvesting]

@REXShares Great product, but be careful folks.
Volatility = Bitcoin
Volatility² = ASST
Volatility³ = ASSX

[KayJay @KayJayInvesting]

Bottom signals for Bitcoin:
- Coldcard wallet hack
- Hashdex Bitcoin ETF closing
- KULR, Satsuma, & other treasury cos selling all of their bitcoin
- Strategy selling bitcoin
- STRC crash from $100 to $70
- Clarity Act fiasco

Mid-cycle corrections bottom on negative sentiment. All is fine and we will be much higher soon. 🚀

[KayJay @KayJayInvesting]

@SenatorBennet You are absolutely right. Having no regulation in a new and developing industry is definitely the way. Let's do this for another 6 years.

[KayJay @KayJayInvesting]

Now that @AdamBLiv has joined the company dropping W’s week-after-week, his $ASST content will likely reduce dramatically. The timeline will need a new degenerate to fill this void and scream about sats-per-share at 2am. Auditions open. Don’t suck.

[KayJay @KayJayInvesting]

@ColeMacro Matt, this is fantastic advice. Wish more founders and CEOs publicly offered this type of guidance to the younger generations trying to find their way. The Strive team is lucky to have you as the big boss. 👍