Strive (ASST) — Market Cap vs Bitcoin NAV
Strive (ASST) currently trades at a market cap vs Bitcoin NAV ratio of 0.67x, which means the market values the company at 33.5% discount to the underlying Bitcoin holdings. With 19,864 Bitcoin on its balance sheet worth $1,245,737,289 at the live spot price, and a market capitalisation of $828,709,254, ASST holds rank #59 of 70 tracked Bitcoin treasury companies by this metric on HodlingBTC.
How ASST's Market Cap vs Bitcoin NAV Is Calculated
The market cap vs Bitcoin NAV ratio for Strive is computed as the company's market capitalisation divided by the product of its disclosed Bitcoin holdings and the live Bitcoin spot price. For ASST today the inputs are a market cap of $828,709,254, 19,864 BTC, and a Bitcoin spot price of 62,713. The resulting ratio of 0.67x quantifies how much discount (or premium, when above 1.0x) the equity market is assigning to ASST beyond the value of the underlying Bitcoin treasury. A ratio above 1.0x means the company is trading at a premium to the value of its Bitcoin stash; below 1.0x means a discount. The number does not account for operating businesses, capital structure, debt, preferred shares, or other liabilities that sit between common shareholders and the underlying Bitcoin.
What 0.67x Means for Strive Shareholders
Strive's ratio of 0.67x places the stock at a 33.5% discount to its Bitcoin NAV. Discounts to Bitcoin NAV typically reflect concerns that common shareholders may not capture the full value of the underlying Bitcoin. Common causes include senior debt and preferred share claims that sit above common stock in the capital structure, dilution risk from at-the-market equity programs, operating losses that consume Bitcoin holdings, or simply low trading liquidity that prevents the equity from pricing efficiently to NAV. The ratio is one input among several; capital structure, debt obligations, share class differences, and operating cash flow all influence what shareholders actually receive per share of ASST.
ASST vs Other Bitcoin Treasury Companies
How ASST compares against the 4 companies ranked closest by market cap vs Bitcoin NAV ratio on HodlingBTC's live tracker:
| # | TICKER | COMPANY | HQ | RATIO |
|---|---|---|---|---|
| 57 | XXI | Twenty One Capital | 🇺🇸 | 0.69x |
| 58 | ZOOZ | ZOOZ Power | 🇮🇱 | 0.68x |
| 59 | ASST | Strive | 🇺🇸 | 0.67x |
| 60 | MSTR | Strategy | 🇺🇸 | 0.64x |
| 61 | ADE | Bitcoin Group SE | 🇩🇪 | 0.64x |
See the full ranking for every public Bitcoin treasury company on the Market Cap vs Bitcoin NAV page.
Frequently Asked Questions
What is Strive (ASST)'s market cap vs Bitcoin NAV ratio?
Strive trades at a market cap vs Bitcoin NAV ratio of 0.67x, calculated as its market capitalisation of $828,709,254 divided by the value of its 19,864 BTC holdings ($1,245,737,289 at the current Bitcoin spot price). This represents a 33.5% discount to the underlying Bitcoin NAV.
Why is ASST trading at a discount to its Bitcoin NAV?
discount values reflect the market's view of Strive beyond its Bitcoin holdings alone. A discount can reflect concerns about dilution risk, debt obligations senior to common shareholders, operating losses, or limited liquidity in the underlying stock.
How often is ASST's market cap vs Bitcoin NAV updated on HodlingBTC?
The ratio for ASST refreshes every five minutes during European and US market hours. Bitcoin spot price is sourced from Coinbase live, market capitalisation is recalculated from the latest available share count multiplied by the current stock price, and BTC holdings are taken from the most recent disclosed figure in Strive's SEC or primary-source filings.