ASST Could Become the #2 Bitcoin Treasury in 2026

Could Strive become the #2 corporate Bitcoin holder in the world behind Strategy?

With ASST warrants potentially unlocking hundreds of millions in fresh capital, Strive could soon have another powerful engine to accumulate Bitcoin, while rising short interest adds another layer to the setup.

Meanwhile, Strategy is buying Bitcoin again, STRC is still fighting its way back to par, and the company is now moving toward daily dividends across its preferred stock products.

In this episode of One Chair, we break down:

→ How ASST warrants could unlock up to $700M in capital

→ Could Strive become the #2 corporate Bitcoin holder?

→ What happens to ASST after the warrants are exercised?

→ Why rising ASST short interest makes the setup interesting

→ How Strive could use SATA + the common ATM to accelerate Bitcoin accumulation

→ What happens if ASST expands to 3–4x mNAV

→ How Strive could manage amplification during a parabolic Bitcoin bull market

→ Strategy’s latest Bitcoin purchase and record BTC holdings → Why STRC buybacks may not be solving the real problem

→ Why STRF recovered faster than STRC

→ Could STRF protections eventually make their way into STRC?

→ Why Strategy is adopting daily dividends

→ Strategy vs. Strive: two very different approaches to the next Bitcoin bull market

→ How USD reserves could reshape Bitcoin treasury strategy during the next cycle

The Bitcoin treasury playbook is evolving.

Strategy built the model. Strive is adapting it.

And if Bitcoin enters another major bull market, we may be about to find out which capital allocation strategy works best in real time.

00:00 Strategy Buys More Bitcoin — But STRC Still Can’t Reach Par

02:57 What Happens When STRC Finally Gets Back to $100?

04:45 Strategy Copies Strive: Daily Dividends Are Coming

06:57 STRF Recovered Faster Than STRC — Here’s Why That Matters

10:45 What Happens to Strategy’s Capital Stack in a Bitcoin Bull Market?

12:19 Strive Buys 1,107 BTC as ASST Short Interest Surges

13:56 The ASST Warrant Setup Could Unlock $700 Million

16:56 How Strive Could De-Amplify During a Parabolic Bitcoin Run

19:54 Strategy vs. Strive: Two Very Different Bitcoin Bull-Market Strategies

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

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