Bitcoin Rally Leaves One Crypto-Linked Stock Behind

The recent Bitcoin rally has lifted nearly every crypto-linked stock, but one notable exception is GameStop (GME), which has fallen more than 17% in August.

ASST stock, on the other hand, has nearly doubled so far this month, outperforming even the largest Bitcoin treasury Strategy (MSTR), which gained around 30%. MSTR's smaller gains can be attributed to its huge Bitcoin holdings of over 840,000 BTC.

Strive (ASST) continues to raise capital to expand its Bitcoin holdings, with recent purchases funded through sales of common and preferred shares. In contrast, GameStop pledged nearly all of its Bitcoin holdings as collateral for covered-call options sold to Coinbase Credit, limiting its exposure to further gains.