The overhang has been shrinking the whole time.

The overhang has been shrinking the whole time. $ASST

Warrants as a % of shares out: Sep 2025: 65% Dec: 59% Mar: 38% Jun: 33% Now: 28%

Same 26.6M warrants. Strive grew the base underneath them.

Source: Strive’s own treasury dashboard, shares outstanding table.

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