Strive Inc.'s ASST Stock Soars as Company Adds to Its Massive Bitcoin Holdings

Strive Inc., a company that was once down 50% in value, has seen its stock surge over 9% overnight after purchasing 1,110 Bitcoin at an average price of $73,409 per BTC. This adds up to $81.5 million worth of fresh purchases and brings the company's total holdings to 21,356 BTC.

The purchase was made between August 17th and August 21st, with the company now owning more than 1 out of every 1,000 Bitcoin that will ever exist. According to CEO Matt Cole, this is just the beginning of the Bitcoin bull market, which he believes has not yet reached its peak.

Cole also noted that February 19th marked the bottom of the bear market for ASST stock, and since then, sentiment around the company has shifted dramatically. He reiterated that even when pessimism was at its peak, the team remained confident in the long-term opportunity and conviction in the BTC strategy.