Strive Shares Surge as New Leveraged ETF Takes Hold

Strive's shares rose 6.4% to $30.09 on Friday after the introduction of the ASSX fund, a new 2x leveraged exchange-traded product that tracks Strive's common equity.

The fund, launched by REX Shares in partnership with Tuttle Capital Management, features a 1.5% expense ratio and aims to deliver 200% of ASST's daily returns, excluding fees and operational costs.

Strive's Bitcoin treasury has expanded to 25,000 BTC after the company acquired an additional 469 BTC at an average cost of $77,954 per coin between September 8-11. This acquisition increased total holdings from 24,531 BTC.