Tuttle Capital Management (TCM), together with sub-adviser Strive Asset Management (SAM), today announced the launch of the T-Strive Digital Credit Preferred Income ETF (CBOE BZX: DCAP), an actively managed, structured credit ETF that seeks current income by investing in preferred securities issued by Bitcoin treasury companies. “Digital Credit is a young and developing market, and we've already seen meaningful periods of price dislocation that we believe reflect market inefficiencies," said Alex Xethalis, Head of Distribution at Strive Asset Management. "In normal markets, we expect DCAP to primarily own Digital Credit without leverage. But if substantial price declines create what we believe are attractive entry points, our institutional financing capabilities give DCAP the flexibility to deploy leverage opportunistically and buy into those dislocations. The goal is to generate excess returns over a simple buy-and-hold strategy by systematically taking advantage of those opportunities if they arise." Read the full press release here:

JUST IN: Strategy $MSTR CEO Phong Le just said, "Strive has built up a #Bitcoin# treasury company the way it should be, and what they have done in the treasury space has been pretty impeccable." "$SATA is an incredible innovation." 🔥🙌

Welcome Back to The Hurdle Rate Episode 75: Growing Trust Grows Liquidity In this week's Hurdle Rate, the crew breaks down Strive adding 1,355 BTC, Bitcoin's breakout, and why short-term traders may miss the move. They also discuss how digital credit could reshape the next bull market, why liquidity is the clearest measure of trust, and what @saylor and Warren Buffett teach about building balance sheet companies. Here's the latest with @ColeMacro, @PunterJeff, @Werkman, and @TimKotzman Timestamps: 00:00 - Intro 02:40 - Strive's Balance Sheet Growth 06:13 - Bitcoin's Breakout 08:23 - Warrants and Short-Term Trading 13:38 - Zoom Out and Stay in the Game 21:31 - Digital Credit Changes the Bull Run 23:09 - $SATA Volume and 75 Dividends 26:00 - Liquidity Is Trust 32:03 - Why Digital Credit Isn't for Everyone 37:20 - Building Strategy's Liquidity Engine 41:49 - Lessons From @saylor and Buffett 50:04 - The Return of Balance Sheet Companies $MSTR $STRC $ASST $SATA $BTC

Fresh off Schwab Network Live talking about what comes after Bitcoin winter, our 50% CAGR thesis, the macro setup, and Strive’s Bitcoin treasury strategy. TIMESTAMPS 0:00 Is Bitcoin Winter Over? 1:08 Bitcoin’s Path to $500K 2:48 A Weaker Dollar Benefits Bitcoin 4:32 Bitcoin vs. Gold 5:28 Why Bitcoin Is Rising 6:44 Midterms & the CLARITY Act 7:42 Strive’s Bitcoin Treasury Strategy $BTC $ASST $SATA

Strive increased total Bitcoin held by 5.4% week over week. 25,000 > 26,355 In the last 25 trading days, we have increased total Bitcoin held by 30% from 20,246 > 26,355 That averages ~244 BTC per trading day, roughly 54% of the new daily minted supply of BTC

Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 74th consecutive dividend to shareholders.

Strive acquired 1,355 $BTC for $107.7M at an average cost of $79,475 per bitcoin, bringing total holdings to ₿26,355. Warrant exercises began last week, generating $21.2M in gross proceeds. Including those proceeds, 57.7% of total capital raised came from SATA. $ASST $SATA

Since Daily dividends were introduced on 6/16, SATA has traded at or above par for 23 of 66 session (34.8%). It has closed above par 16 of 66 session (24.2%). Building momentum.

Strive Tracking Day 128 $ASST is now ranked 1,390th largest public US company by market cap. Jumped 47 companies today. 42x to top 100. 6x to top 500. 440th largest by dollar volume. $475,000,000+ traded today.

What an extraordinary career Warren Buffett has had. He built one of the greatest companies in American history, compounded capital for generations of shareholders and perhaps most importantly, earned a level of trust over a lifetime that very few business leaders ever achieve. Buffett and Munger made Berkshire’s annual meeting a place where shareholders could hear directly how they thought for hours at a time, year after year, whether times were good or bad. In many ways, it was the long-form shareholder communication model before we had a name for it, and I think that consistency was an important part of the trust they built.   That is something we have consciously tried to build on at Strive. We joke about leading in “podcasters per share,” but there is a serious principle underneath it: shareholders should have regular access to how management thinks, not just when things are going well. Berkshire understood that long before most companies did.   Buffett and I certainly do not see eye to eye on Bitcoin. But I really don’t care. Those of us building the next generation of Bitcoin-focused companies can learn an enormous amount from Berkshire about thinking in decades, allocating capital, building a lasting institution, and earning shareholder trust through both performance and a willingness to let shareholders understand how you think. We may be applying those principles within an entirely different monetary framework, but the principles themselves endure.   An extraordinary legacy and a life’s work worth remembering. Job well done.

As of 9/11/26, Strive had $718M in PIPE warrants outstanding at a $27 exercise price. The deadline to exercise is 5 pm ET on 10/13/26. The deadline moved from 10/12/26 because it falls on Columbus Day, a federal banking holiday. All other terms remain unchanged.