TLDR
- ASST stock jumped over 25% in Monday premarket trading after a 27% gain on Friday
- Strive became the first publicly traded asset manager to use Bitcoin as a core cash strategy
- The company announced an all-stock merger with Semler Scientific, which holds 5,816 BTC worth over $675 million
- Bitcoin reached $116,000 in Asian trading on Monday, driving optimism for crypto-related stocks
- Retail sentiment on Stocktwits showed “extremely bullish” levels with “extremely high” message volume
Strive Inc. shares climbed over 25% in Monday’s premarket session. This comes on the heels of Friday’s 27% rally to $1.10.
The stock is riding a wave of investor enthusiasm for its Bitcoin-focused strategy. Strive was created in September 2025 when Strive Asset Management merged with Asset Entities.
The company was co-founded by Vivek Ramaswamy, the billionaire and former presidential candidate. Asset Entities previously offered social media marketing and content delivery services.
Strive now positions itself as a digital asset company focused on holding Bitcoin and other cryptocurrencies. The merger aims to accelerate growth through new crypto investments and deals.
The company has become the first publicly traded asset manager to use Bitcoin as a core part of its cash strategy. Its main goal is to increase “Bitcoin per share” by buying digital assets and holding them on the balance sheet.
Bitcoin reached $116,000 in the Asian trading session on Monday before pulling back slightly. The crypto rally stems from multiple factors including improved prospects for a U.S.-China deal.
High-level talks between the two countries in Malaysia over the weekend boosted market sentiment. Expectations of a Federal Reserve rate cut this week also helped cryptocurrencies.
Strategic Acquisitions Build Bitcoin Position
Strive announced an all-stock merger with Semler Scientific in September. The biotech company holds about 5,816 BTC valued at more than $675 million.
The company also agreed to purchase True North Inc. This Bitcoin-focused media and education company has ties to Strategy.
These deals help Strive expand its presence in the digital asset space. The moves position the company in the growing digital asset treasury market.
ASST stock has experienced extreme volatility this year. Shares climbed above $13 in mid-2025.
The stock dropped sharply in late September after the company registered 1.28 billion new shares. The 52-week range sits between $0.34 and $13.42.
Despite the swings, ASST remains up more than 120% year-to-date. Since its mid-September listing, the stock has fallen about 82%.
Analyst Warnings and Investor Optimism
No major Wall Street analysts currently cover ASST stock. Kaiko analyst Adam McCarthy noted that Digital Asset Treasury stocks like Strive often move four to five times more than Bitcoin.
A 5% dip in Bitcoin could create a 20% swing in ASST stock price. The volatility presents both risks and opportunities for investors.
Some investors are leaning into the volatility. They view Strive as a future leader in the Bitcoin economy.
Blockchain investor Ryan Watkins suggested that strong Bitcoin treasury companies could become the “Berkshire Hathaway” of the crypto world. Retail interest in Strive has surged dramatically.
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