TLDR
- ASST stock jumped 25% in Monday premarket after Friday’s 27% gain
- Strive is the first public asset manager using Bitcoin as core cash strategy
- Company merged with Semler Scientific holding 5,816 BTC worth $675 million
- Bitcoin hit $116,000 Monday boosting crypto-related stocks
- Stock up 120% year-to-date despite extreme volatility
Strive Inc. shares surged over 25% in Monday’s premarket trading. The rally extends Friday’s 27% gain to $1.10.
Investors are responding to the company’s aggressive Bitcoin strategy. Strive emerged in September 2025 from a merger between Strive Asset Management and Asset Entities.
Co-founder Vivek Ramaswamy, the billionaire former presidential candidate, is driving the company’s crypto vision. Asset Entities previously focused on social media marketing before the transformation.
The company now operates as a digital asset firm holding Bitcoin and other cryptocurrencies. Its primary goal is increasing “Bitcoin per share” through strategic asset purchases.
First Mover in Public Bitcoin Treasury
Strive made history as the first publicly traded asset manager adopting Bitcoin as a core cash strategy. The company plans to grow by investing in crypto projects and striking new deals.
Bitcoin reached $116,000 during Monday’s Asian session before easing back. The crypto rally drew strength from improving U.S.-China relations.
Productive talks between the countries in Malaysia over the weekend lifted sentiment. Anticipation of a Federal Reserve rate cut this week added fuel.
Strive announced an all-stock merger with Semler Scientific in September. The biotech firm brings 5,816 BTC valued above $675 million to the table.
The company also agreed to buy True North Inc. The Bitcoin media and education company connects to Strategy’s ecosystem.
Volatility Remains High Risk Factor
ASST stock has whipsawed investors this year. Shares peaked above $13 in mid-2025.
A sharp drop followed in late September when the company registered 1.28 billion new shares. The 52-week range spans from $0.34 to $13.42.
The stock still shows a 120% year-to-date gain. However, shares have dropped 82% since the September listing.
No major Wall Street analysts cover ASST currently. Kaiko analyst Adam McCarthy warned that Digital Asset Treasury stocks move four to five times more than Bitcoin.
A 5% Bitcoin decline could trigger a 20% ASST price swing. The leverage cuts both ways for investors.
Some traders embrace the volatility. They see Strive as a potential leader in the Bitcoin economy.
Blockchain investor Ryan Watkins compared well-run Bitcoin treasury companies to a crypto version of Berkshire Hathaway. Retail interest has exploded on trading platforms.
The company continues leveraging digital assets for acquisitions and growth initiatives. Bitcoin’s Monday rally to $116,000 provided fresh momentum for the stock’s third consecutive session of gains.
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