Drawdown · scenario layer

What happens to Strive (ASST) if Bitcoin drops 50%?

Set a Bitcoin price below. Everything under it is computed at your price against Strive's filed capital structure. This is a measurement of what the structure does at a price you choose, not a view on whether Bitcoin reaches it.

Your assumption

Bitcoin down 50% from the live price on this page.

−50%

Your price: --

Loading the filed records.

Reserve value

Net senior claims, dollars

Net senior claims, in BTC

Senior Claims %

CEBE per share

Break-even BTC price

No claim in Strive's stack can be called because the Bitcoin price fell. No active instrument carries a margin term, a collateral maintenance obligation, or a price-triggered obligation to repay or accelerate. Debt has been zero since May 2026, the one Bitcoin-collateralized facility was retired in January 2026 with the collateral returned to company custody, and the SATA preferred is perpetual, with no maturity and no put.

SATA's preference cannot be ratcheted up by a falling price, but its cost can rise. The liquidation preference is market-linked with a stated floor of $100, so a decline leaves it at the floor. What moves instead is the dividend rate, which steps up while the preferred sits below par, capped at 20 percent. That raises the carrying cost of the claim without creating any obligation to repay or to post collateral.

The STRC position is a held asset, and the slider does not re-price it. Strive holds Strategy's STRC preferred, and the claims arithmetic nets it against senior claims at its recorded fair value. That value is carried in dollars from the snapshot and is not moved by the price you set, so the netting above holds it at the recorded amount rather than shocking it with the reserve.

Live Bitcoin price --, read -- via CoinGecko.
Capital structure as of --. Source: --.
Claims arithmetic is the shared reader in config/compute-drag.js, the same one the tracker and the company page use. Senior Claims % floors at zero and is capped at the whole reserve.
Scenario layer. The slider is your assumption. Every figure above it is labelled as computed at your price. Nothing here forecasts a price.

At 50% below the recorded price. At a Bitcoin price of $41,472, which is 50% below the $82,944 recorded on 2026-10-20, Strive would carry Senior Claims of 73.9% of its Bitcoin reserve against 36.9% at the recorded price, and CEBE of 7,753 sats per share against 18,715 sats. Net senior claims of $1.13B do not move with the price; expressed in Bitcoin they expand to 27,200 BTC. Common equity's Bitcoin reaches zero at $30,638.
Computed from the 2026-10-20 snapshot at a shocked price, not from the live price. The figures above the slider are read live and will differ.