More orange than ever.

Strive for Amplified Bitcoin.

Digital Credit is perpetual preferred capital that finances Bitcoin acquisition without issuing additional common shares, allowing the Bitcoin asset base to grow while preserving the common-stock denominator and thereby AMPLIFYING common equity exposure to Bitcoin.

Early Amazon was an unprofitable online bookstore. Great ideas always seem obvious to everyone in hindsight.

Currently the highest scarcity of understanding on Bitcoin X is Digital Credit. Full stop.

My model on ASST was a 10X , from $30, until the below post from @ColeMacro, I’ll be updating my models. Plan accordingly!

I was sandbagging. IMHO, this Monday(warrant exercise numbers in 8K), Friday(see how ASST closes) and Tuesday October 13(Warrant expriation), will provide insight to how fast and and High ASST can run.

The more Bitcoin I own, the stronger my “I don’t give a fuck” attitude gets. ₿

Bitcoin is Crossing the Chasm

I have the pleasure of hosting $ASST CEO @ColeMacro on X Spaces to discuss Bitcoin, the bitcoin equities market, and how Strive is uniquely positioned. This was a highly requested Space and I appreciate @AdamBLiv and @ColeMacro for their quick response! This Space will be recorded and available, exclusively, for my X Subscribers. I’m looking forward to learning more about Strive and @ColeMacro. x.lingyaoai.com/i/spaces/1Oxwbna…

With current prices and conditions, I’d easily be comfortable *driving* amplification to 70% with an 18-month reserve. If Bitcoin dropped from here & amplification rose further, I’d be fine with it. The bull thesis is right or it’s wrong, & I’m confident it’s right. Take risk!

IMPORTANT POST Our industry became too focused on protecting downside risk and inadequately focused on maximizing Total Returns to the upside. In my view, the entire purpose of our structured finance business model must be to maximize Total Returns for common equity shareholders. Our industry needs more amplification. Even at Strive, where we have the highest Amplification Ratio among Digital Credit issuers, when I look at the risk embedded in our capital structure relative to our amplification, I believe we have room to take it up another notch or two. Building a rocket ship is extraordinarily difficult and requires underwriting and taking real risk. The mission requires not blowing up, but you need an engine powerful enough to reach the moon. Based on Amplification Ratio alone, I view the risk of true issuer failure from over-amplification as very low across our industry today. Amplification Ratio obviously cannot capture every risk, including debt terms, covenants, maturity walls, liquidity constraints, and other structural risks. But controlling for those risks should give issuers significant confidence to take amplification materially higher. That is exactly what we have done at Strive, and I hope others increasingly copy it. I’ve written extensively about why Amplification Ratio will be the single most important driver of outright and relative Total Returns in a Bitcoin bull market. However, I believe incentives naturally push toward under-amplification, modest Bitcoin outperformance, and the safest possible path. My goal with this post is to light a fire and push our industry to think bigger, focus more aggressively on growth and Total Returns, and push the frontier of what our business models can achieve. We have a shared mission across the industry to grow Digital Credit from a nascent asset class into a massive global capital market. That requires trusted issuers, deep liquidity, disciplined execution, and investor confidence. That is where we all should work together, but make no mistake about what will crown the fastest horse in a Bitcoin bull market: the engine. Our mandate at Strive is to build the thing we actually want to own and recruit and retain exceptionally talented people who desire that risk and return opportunity and understand the business model that needs to be built. That mindset drove our execution in building a high Amplification Ratio, helped create strong liquidity, and is also why we are not satisfied with where we are. With Bitcoin under $100,000, our desire is to take Amplification Ratio higher from here. If the Bitcoin bull thesis is right, amplification will be the most important thing. If the Bitcoin thesis is wrong, a few hundred basis points of cost of capital won’t be the difference between success and failure. The model itself will have failed. I love capitalism. I love competition. I want more competition for the fastest horse. The next 10–15 years will be the Digital Gold Rush for Bitcoin. Let’s act like it.

A milestone for Digital Credit: $STRC’s 30-day historical volatility is now 9%, below $SPY. We’re harnessing the power of Bitcoin while reducing price volatility for income investors. This is what financial engineering should do.

Amped.

Strive security complex traded $1.25 Billion in volume last week. $944M on $ASST $310M on $SATA Back in March of 2023, $MSTR traded $1.25 Billion in volume in a single week. Their market cap was $3.1 Billion, BTC was at $25k Strive’s market cap is $2.9 Billion BTC at $84k

ASST: The Amplified Bitcoin Exposure Equity Since January 2, 2026: ASST: +73.7% Bitcoin: -6.1%

The only thing more scarce than Bitcoin is conviction in Bitcoin. AMPLIFY.

Got Bitcoin?

99.9% of people thought BTC was a bubble without ever considering USD could be the bubble.

The first COVID stimulus check was $1,200. At the time, that bought ~0.18 BTC. The proposed check is $5,000. Today, that buys only ~0.06 BTC. More than 4x the dollars per check, yet roughly 1/3 as much Bitcoin. You are running out of time.