SCHEDULE: Graham Capital Group Discloses 9.66% Stake in Strive, Inc.

A group of entities including Graham Capital Management, L.P. and Kenneth Tropin have disclosed a combined 9.66% beneficial ownership in Strive, Inc.'s Class A Common Stock.

Summary

• Graham Capital Management, L.P., KGT, Inc., Kenneth Tropin, Graham Macro Strategic Ltd., and Graham Credit Opportunities Ltd. have disclosed a collective beneficial ownership in Strive, Inc.
• The group beneficially owns 37,037,038 shares of Strive, Inc.'s Class A Common Stock.
• This represents 9.66% of the Class A Common Stock outstanding.
• The ownership calculation includes the assumed exercise of 18,518,519 warrants.
• The percentage is based on 364,825,582 shares of Common Stock outstanding, as reported by Strive, Inc. on September 12, 2025, adjusted for the warrant exercise.
• The investment is for passive purposes, with no intent to change or influence control of Strive, Inc.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by a reputable investment group like Graham Capital Management, L.P. is generally viewed positively as it signals institutional confidence in the issuer. The exercise of warrants further reinforces this long-term view. However, it's a purely factual ownership disclosure, not an operational update, so the positive sentiment is moderate.

Positives

• A significant institutional investment group, including Graham Capital Management, L.P. and its affiliates, has taken a substantial passive stake in Strive, Inc., indicating potential confidence.
• The investment includes the assumed exercise of warrants, suggesting a long-term commitment to the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Strive, Inc.'s future performance or operations, as it is a disclosure of beneficial ownership.

Industry Context

This filing indicates a significant institutional investor group, led by Graham Capital Management, L.P., has taken a substantial passive stake in Strive, Inc. Such disclosures are common in the investment landscape and can signal institutional confidence in a company's long-term prospects, potentially attracting further investor interest. The passive nature of the investment, as certified in the filing, suggests a belief in the company's current management and strategic direction without intent for active intervention.

Stakeholder Impact

• Shareholders: May view the significant institutional investment as a positive signal, potentially increasing confidence and demand for Strive, Inc. shares.
• Management: The passive nature of the investment suggests no immediate pressure for strategic changes from this group.

Next Steps

• Strive, Inc. will continue its operations as planned.
• The reporting persons will continue to hold their investment for passive purposes.
• Future Schedule 13D/G amendments would be filed if ownership changes significantly or intent shifts.

Key Dates

Recommendation

The filing indicates a significant institutional investor, Graham Capital Management, L.P., and its affiliates, have taken a substantial passive stake in Strive, Inc., representing 9.66% of the Class A Common Stock. This includes the exercise of warrants, suggesting a long-term, confident view of the company. While this is a positive signal, the filing itself does not provide new operational or financial performance data for Strive, Inc. to warrant a 'buy' recommendation. It primarily confirms a large, passive institutional position. Therefore, a 'hold' recommendation is appropriate, acknowledging the positive institutional interest while awaiting further fundamental updates from Strive, Inc. to assess its operational trajectory.

Keywords

Strive Inc, Class A Common Stock, Graham Capital Management, Kenneth Tropin, Schedule 13G, Beneficial Ownership, Institutional Investor, Warrants, Equity Stake