Strive Stock Rises as Bitcoin Surges Past $71,000

Strive Enterprises Inc (NASDAQ:ASST) stock is rising on Thursday morning, following gains in broader crypto markets.

The company's shares are among today's top performers, and for good reason. Bitcoin has pushed past $71,000, expanding the net asset value of Strive's crypto balance sheet.

Strive has strategically adopted Bitcoin as its hurdle rate for capital deployment, which means that the company uses it to determine whether or not to invest in other assets.

The White House hosted a high-profile crypto summit on Wednesday, where officials and industry executives discussed federal stablecoin frameworks and national strategic reserve policies. This has contributed to positive sentiment across the sector.