Value Pretender

@SemlerEric why do you want overvalued $ASST stock so badly?

To all Semler Scientific stockholders — we encourage you to vote FOR our proposed merger with Strive.  Voting is open now and the Special Meeting to approve the merger is on Jan. 13.  $SMLR stockholders will receive shares in $ASST at an exchange ratio of 21.05x in the merger.  We believe this merger gives $SMLR stockholders the opportunity to participate in the upside of one of the leading digital credit companies. Together, we will hold nearly 13,000 #Bitcoins, positioning the combined company among the top five public companies to commit to $BTC as a primary strategic reserve. This scale enhances Strive’s ability to pursue accretive financing opportunities in the digital credit space and maximize long-term shareholder value.  I am excited to join the Strive board and contribute to stockholder value creation. 🚀   Vote today via your brokerage account or call (877) 750-8240

@mikealfred What's the bull case since NAV is only ~$0.74?

@ETHZilla_ETHZ Now sell ETH and buy back stock. What are we doing in the auto loan business?

📢 ETHZilla Weekly Treasury Update 📷 Week of December 1, 2025 ETH Holdings: 94,060 ETH Value: $291M MNAV: 0.62x NAV/Share: $19.55

@mikealfred Get in loosers, we're buying bitcoin at a 43% premium.

Added 100,000 shares of ASST at $1.03. Now holding just over 2M shares. Focused, committed, long term oriented. You can't stop me. Valhalla is coming.

Love hearing the people who were buying $BMNR 20 points higher calling the bottom in Ethereum day after day. Likely to test levels before the Sharplink and Bitmine DAT products were launched.

$ASST received proceeds of ~$150M from the SATA raise, investing the proceeds in BTC at $103k but they added $200M of debt, thus diluting their NAV ~5% in the process. Thank you for your attention to this matter.

@ForeverBuffalo @SchevchenkoT @mikealfred You do realize that NAV went down when they issued the prefs at 80C and bought BTC? LOL. I’m guilty for being lazy. You’re guilty for not understanding basic finance.

@SchevchenkoT @valuepretender @mikealfred Not sure who you're speaking to but they put out a pr in the last week announcing new BTC purchases. They also just put out a website to easily allow people to track their holdings so people like "value pretender" can't as easily give out fake info treasury.strive.com

No change in ASST. Still holding 1.66M shares. Still focused on a 2-3 year minimum timeframe as always. Lots of emotional people running around right now that shouldn’t be in stocks or Bitcoin. Has nothing to do with the longer term thesis. Stay focused.

@mikealfred Why is ASST asymmetric if they trade at a 30% premium to NAV assuming they close the SMLR deal, burn $30M+ per year, and are financing their business with 15% paper? Make it make sense please.

@xYGG9k9QQ6Kebmd @mikealfred We'll see if the deal closes first. SMLR shareholders got scammed using ASST's stock price before the PIPE unlocked.

@valuepretender @mikealfred They bought another company, they have twice as many Bitcoins as you listed.

I have purchased another 100,000 shares of ASST at $1.17 and $1.18. Now holding 1.36M shares and looking to add on weakness.

@GerryMcguire10 SMLR loses way more money than ASST Mr. Montane. This should trade at a discount to NAV if they continue to lose money. Many of the other DATs don't have this cash burn and trade at massive discounts. bamsec.com/filing/1213900…

@valuepretender Yes, but you have to take into account that now, with the merger with Sliver Scientific, the numbers are going to change. They have reported an average net profit of between 10 and 25 million dollars in recent years. $ASST

$ASST bulls have entered the chat lately but none have discussed numbers. Lets dig in. ASST trades at a ~1.60x NAV vs MSTR at 1.27x NAV but these are very different businesses. MSTR's legacy biz generates cash while ASST's legacy biz burns a lot of cash...about $25M per year on assets of $660M (4% expense ratio). ASST generated revenue of $2.5M in 1H25 and spent $16.5M on G&A/employee comp so they need to plug this hole somehow. ASST is now raising debt at 12% (hearing 15%+ YTM) to fund the cash burn of the business. I don't believe the bulls actually understand what they own other than the talking points of Vivek is a moneymaker, Bailey is a crypto OG, and Nakamato something or other. DYOD

1H Strive Financials:

The stock is currently trading 45% over the value of the Bitcoin it owns. Strive itself, which manages a handful of ETFs unrelated to crypto, has revenues of ~$5M and expenses of $25-30M so it's bleeding about $25M per year. This isn't a stock that deserves to trade at a premium to NAV in my humble opinion. The dilution from the merger with Strive has been way greater than anyone imagined. The numbers are from the company's recent merger filing with SMLR.

$ASST I’ll probably really be stirring the pot on this one 😬🤦🏼‍♀️… but with the amount of retail plunging into this because of Mike Alfred’s backing …. I have to at least mention it to try and contribute to people making more informed decisions … SO, I went back to look at the @NitherDither posts re the SEC registration and filing of shares to be sold …. because I keep seeing posts about how on board Vivek is …. and I was recalling that Vivek may have literally filed to sell it all … so wanted to check (and it appears that maybe he did file to sell it all!) … but then I ran into deleted posts 😬. Ben Pham (CFO of Strive) was adamantly defensive and said he hadn’t sold a single share … which I get, it was just a filing of intention … but now his post has been deleted … why @BenPhiat did you delete your posts? Just feels off … the entire thing feels off to me. I have ZERO skin in the game. I’m not short shares, I don’t own puts … but things are just not adding up …. btwn @mikealfred 1 million share peanut pump and the warrants and the filings … and the ATM being quietly tapped on the way down to the PIPE unlock (I get it, I’d sell too) … it just all feels not right to me …. NFA.

Mike, serious question: why do you like $ASST? It’s trading ~70% over NAV, losing ~$25M/year on a $5M revenue base, and managing just $2.4B AUM that have nothing to do with crypto. If they can somehow convince SMLR shareholders to sell to them for overvalued ASST stock then it's only 30% over NAV, which still seems too high given the cash burn. $EMPD looks like the smarter bet at 0.75x NAV. @mikealfred