Key facts
- Strive CEO Matt Cole hinted at a new Bitcoin purchase.
- The company recently acquired 1,800 BTC, bringing its total holdings to 23,156 BTC.
- Strive aims to become the second-largest Bitcoin holder by year-end.
- Strive's stock (ASST) reached a year-to-date high above $27.
- ASST stock has gained over 78% year-to-date and nearly 120% in the past month.
Bitcoin treasury firm Strive has signaled a potential new Bitcoin purchase, with an announcement anticipated as early as tomorrow. This news coincides with a surge in Strive's stock (ASST) to a year-to-date high, positioning it as the top performer among the ten largest Bitcoin treasury firms.
Strive CEO Matt Cole shared a post on X indicating a "Wall-breaking season at Strive," a phrase that has preceded previous Bitcoin acquisitions. The company recently expanded its holdings by 1,800 BTC, elevating it to the fifth-largest Bitcoin treasury firm with a total of 23,156 BTC. Cole has expressed ambitions for Strive to become the second-largest Bitcoin holder by the end of the year, trailing only Strategy.
Strive's common equity, ASST, has seen significant gains, trading above $27 and marking a year-to-date increase of over 78%. The stock's performance in the last month alone has been nearly 120%, largely driven by Bitcoin's recent rebound from approximately $63,000 to $82,000. Other Bitcoin treasury firms, such as Strategy and Metaplanet, have also experienced notable stock gains over the past month, though their year-to-date performance remains mixed.