Ben Pham

CFO & Board Director @Strive (Nasdaq: $ASST; $SATA).
Time traveler from a Bitcoin-denominated future.

[Ben Pham @BenPhait]

Hello $100 $SATA

[Ben Pham @BenPhait]

Krash Kane is ready for his next battle. Who's next? Tay Roc? Nitty? He's calling them out. Checkout Humble Beast clothing line. #BattleRap #Krash #TayRoc #JoshCarroll #NoCoastBattleLeague #HipHop

[Ben Pham @BenPhait]

The FST event at Wildfire Tap gives lesser-known artists a real stage with real fans. Last night, Westside Kell took the win after an intense battle against G Royalty. Keep an eye on these rising talents! #MusicBattle #ArtistShowcase

[Ben Pham @BenPhait]

Live from the One Shot event! We've got an insane battle lineup featuring Ape vs. J2, Mills vs. Gorilla, Mega-Mega vs. Oozie, KT vs. ???, and Brose vs. 40 Barz. Get ready for some disrespect! #BattleRap #OneShot

[Ben Pham @BenPhait]

It's battle day! Mega Da Savage is in the building ready to put on a show and deliver everything the fans paid for. He's coming with that fire and energy, ready to prove he's the one to watch. #BattleRap #MegaDaSavage #HipHop

[Ben Pham @BenPhait]

A visit to a Los Angeles mural turned tense when the area was revealed as a gang war zone. Wearing a Piru hat and a white tee, perceived as gang colors. Witnessing the raw history and culture of gang violence firsthand. #LAStories #GangCulture #StreetSafety

[Ben Pham @BenPhait]

New Orleans..Imagine thousands of Black people vibing, no fighting, just pure joy and ass-shaking. This after-hours event was lit, allowing everyone to walk around and enjoy drinks freely outside the club. Unbelievable atmosphere. #BlackCulture #Vibes #EventLife

[Dan Hillery @hillery_dan]

Strive pushing the gas pedal on amplification.

[Jeff Walton @PunterJeff]

Strive team representing at RIMS Risk World

$1.2 Billion Bitcoin balance sheet and people think we’re crazy

[Arshia Sarkhani @Arshia]

Found a new fit for @Werkman

May the 4th be with you all

$ASST $SATA

[Farmhouse, Inc. $FMHS @farmhouse_inc]

Most public companies hold cash on their balance sheet.

We believe:

Cash is the risk. So, we are likely to hold $STRC and $SATA alongside operating capital in USD.

[Joe Burnett, MSBA @IIICapital]

The @aantonop of Digital Credit

[Zynx @ZynxBTC]

Lots of things happening today but this is what impresses me the most.

$SATA has been trading back towards par despite the ex-dividend date being just last Friday.

Volatility has declined significantly since launch.

It is rapidly maturing.

People clearly want 13% yield.

[Matt Cole @ColeMacro]

"As the company starts to cycle over time from convertible debt to digital credit, we can put on MORE amplification with LOWER risk levels.

So we can see ourselves getting 50%-60% amplification levels over time & still feel like we have a high credit quality." @phongle

Agree.

[Adam Livingston @AdamBLiv]

Let's talk about STRC vs. SATA and digital credit adoption, because people are UNDERRATING the success of SATA.

I think a good way to frame the comparison is VELOCITY of ADOPTION per UNIT OF BITCOIN BACKING!

So first, let's compare SATA vs STRC with the same number of trading days since IPO.

Same playbook. Wildly different adoption curves.

172 trading days in:

STRC: 106.4M cumulative shares traded
SATA: 16.4M cumulative shares traded

STRC has done 6.5× SATA's volume on a normalized launch basis.

The narrative from the SATA skeptics is that Strive just can't compete.

WRONG!

Everyone's looking at SATA vs STRC raw volumes and concluding STRC is "winning" 6.5×.

That comparison is broken. Here's why.

MSTR holds 818,334 BTC. Strive holds 14,556 BTC.

MSTR's hoard is 56× larger.

Of course its preferred trades more volume.

The right question isn't "which trades more shares" - it's "which trades more aggressively per dollar of BTC backing."

Once you normalize:

Last 30 days:

SATA averages 1.65% of Strive's BTC NAV traded daily.

STRC averages 0.57% of MSTR's.

SATA is being adopted ~2.9× FASTER per unit of underlying.

Cumulative since SATA's Nov 2025 launch:

SATA's total dollar volume = 138% of Strive's current BTC NAV.

The entire hoard has effectively churned through SATA more than once.

STRC's same-period cumulative = 33% of MSTR's NAV.

This isn't STRC being weak. STRC is the deep-liquidity, institutional-allocation instrument.

The Strategy preferred stack is built for size.

SATA is a different beast. Novelty premium for an income wrapper in a market that doesn't have the depth yet.

It's a VELOCITY ENGINE.

Check the second graph.

It seems like SATA might be compounding Bitcoin per share faster for ASST shareholders...

Next couple days are gonna be FUN.

[Avik Roy @Avik]

“Nobody is interested in bitcoin treasury companies” $STRC $SATA

[BLAKE⚡️ROGUE MONEY USER @bleighky]

$SATA volume going up 📈

[Strive Clips @Striveclips]

How will Digital Credit do in a Bitcoin bear market? @ColeMacro

[Joe Burnett, MSBA @IIICapital]

Less than 2 months ago, Strive updated $SATA target price range to $99 - $101.

This morning it’s at $100.

The world wants Digital Credit.

[BLAKE⚡️ROGUE MONEY USER @bleighky]

@Strive:
• 30 employees
• 14,557 bitcoin

@coinbase:
• 4,951 employees
• 15,389 bitcoin

[Grain of Salt @Z06Z07]

Digital credit with @natbrunell @ColeMacro @tylev @phongle
Bitcoin Conference is really busy.
$SATA $STRC