Strive Adds 1,355 BTC for $107.7M, Total Holdings Hit 26,355
ASST has more than doubled off its 52-week low of $7.02 on elevated volume (2.0× avg).
Summary
Strive bought 1,355 Bitcoin for $107.7 million at an average price of $79,475, lifting total holdings to 26,355 BTC. The purchase was disclosed by CEO Matt Cole on X. The company also raised $21.2 million from warrant exercises that began last week, with 57.7% of total funding now from perpetual preferred stock SATA. This continues Strive's aggressive Bitcoin accumulation strategy, following multiple purchases in recent weeks. The new capital and increased BTC exposure reinforce the company's leveraged bet on Bitcoin.
Updates
· The Block — TD Cowen raised its price target from $32 to $44 and raised its year-end BTC estimate to 32,105.
At the time of this announcement, ASST was trading at $28.94 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $7.02 to $88.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Bloomingbit.