
The honeymoon period may be over for $ASST It has been an incredible year for Strive. Of that, there is no doubt. But now, eyes are being drawn toward what may lay ahead. And it could be a sliding doors moment. With $SATA a couple of bucks off par, and new guidance stating that no issuance of shares for the purposes of buying more Bitcoin will take place below $100, AND a desire to generate "total returns", the questions are really simple. But really important. Will any potential Bitcoin purchases come exclusively from $SATS? Will reserves be used to buy back $SATA? Will we see a couple of weeks with no Monday morning announcements at all? And the one I and many other shareholders are watching: Will Strive ATM the common, to either buyback SATA, buy Bitcoin, or increase the cash reserve now that SATA losing par may be creating some market pressure? Strive has yet to put a foot wrong. The entire execution has been flawless, and rightly lauded by many. But sometimes the market presents particular questions at particular times, and it feels like for the first time, Strive must show its hand for the short to medium term future. Bitcoin Treasuries dont need to race to a certain stack size too quickly. They dont need to announce moves every week. Sometimes you just put the lid on the pot, turn down the heat a little, and let things simmer for a while before any taste tests or the addition of any more ingredients. It's going to be very interesting to see how Strive plays this.
