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Strive Stock Soars with Bitcoin Rally

Guavy AI Editorial Team
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Strive Inc.'s (NASDAQ:ASST) stock is rising alongside Bitcoin's price, which has reached $86,309.22, a 2.81% increase over the past 24 hours.

The company holds more than 23,000 Bitcoin on its balance sheet, worth approximately $1.8 billion, as part of its strategy to accumulate and increase Bitcoin per share for investors.

Strive's stock functions as a leveraged proxy for Bitcoin's price due to the substantial majority of its market capitalization being comprised of Bitcoin holdings.

The company has continued expanding its Bitcoin treasury in recent weeks, with the most recent purchase of 1,107 Bitcoin bringing total holdings to approximately 27,462 as of September 25.

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