Instrument scores graded 2026-07-03. Composite graded 2026-06-16. Stack figures come from the 8-K accession 0001628280-26-051539, as of 2026-07-31, at a Bitcoin price of $62,897, where net senior claims of $586,473,200 are 9,324 BTC and Senior Claims % reads 46.58. That is a dated snapshot, not a live figure. The live reading for this company sits on the Strive company page.
Strive carries a single senior instrument, the SATA preferred, and no debt. That makes it the cleanest possible first subject for this series, because the company grade and the instrument grade are the same grade, and nothing is averaged away.
Every score on these cards is read from the grading tabs and shown as published. No score is composed here. The reasoning under each score points at the filing that establishes it, and the figures on the cards are the same figures the tracker computes. Where the rubric bands themselves are defined, that is the Claims Grade rubric.
The grade measures the claim's structural quality. The netting sets the quantity a reader sees. A claim can grade poorly and still net to a modest Senior Claims %, and a claim can grade well and still stand for most of the reserve. Two layers, read separately.
The grade measures the claim's structural quality; the netting sets the quantity a reader sees. Two layers.
Source
Stack figures from 8-K accession 0001628280-26-051539, as of 2026-07-31. Composite grade from the claims_grade row for ASST, 2026-06-16, verified.
It has no maturity and no conversion, so it never self-extinguishes. No conversion feature exists, so there is no path for this claim to leave the stack.
Source
Perpetual, non-convertible mechanics and the daily dividend from the SATA Certificate of Designations. Frozen issuance read across the weekly 8-K series through accession 0001628280-26-051539.
The Section 5(b) trigger forces dilution of common, not liquidation of the treasury.
Source
Liquidation preference, the cumulative and compounding terms, Section 5(b) and Section 9(b)(iii)(5), all from the SATA Certificate of Designations. No security agreement exists.
The held security nets at fair value, the value the common holder can reach by selling it. The issued claim sits at liquidation preference, its full standing ahead of common.
Source
Rate mechanics, the cumulative and compounding terms and cash-pay from the instruments row and the SATA prospectus supplement on Form 424B5 dated 2025-12-09, accession 0001140361-25-045043, as amended by Amendment No. 1 dated 2026-06-05, filed 2026-06-08, accession 0000950103-26-008625. Rate maintained at 13% per 8-K accession 0001628280-26-048231, 2026-07-14. Netting arithmetic from 8-K accession 0001628280-26-051539, 2026-07-31.
Within the stack, two levers only: SATA issuance, currently frozen, and the STRC reserve mark, refreshed weekly.
Source
No new figure is introduced. All figures carry the sources cited on days one through four.
A C is not a verdict on Strive. A permanent claim can fund accretion that leaves common better off than it started, and the grade says nothing against that. The grade states what the company is carrying and what that claim is made of. Whether carrying it pays off is a separate question, answered by the accretion test rather than by a letter.
The rubric grades instruments, never futures. Every band is published, every input is a filed fact, and two readers running the rubric on SATA reach the same letter.