Strive Surges as Fed Rate Decision Provides Relief to Crypto-Sensitive Stocks

The stock of Strive has risen by 3.8% in pre-open trading to reach $29.34, as investors rotate into crypto-sensitive names amid a mildly risk-on pre-market session.

This follows the Federal Reserve's rate decision, with prediction markets pricing a 25-basis-point hike at roughly 87-92% probability, the first rate increase since 2023, and the resolution of that uncertainty appears to be providing some relief to Bitcoin-correlated stocks.

Strive's most recent corporate developments continue to reinforce its Bitcoin accumulation narrative, with the company filing a Form 8-K on September 14 confirming it was maintaining the high-yield dividend rate on its preferred stock, and earlier that week disclosing it had purchased an additional 469 bitcoin, bringing its total holdings to approximately 25,000.

The broader market is providing a constructive backdrop, with the S&P 500 adding 0.2%, the Dow Jones gaining 0.1%, and the NASDAQ rising 0.4% in early trading. Bitcoin itself had been under pressure in the days leading up to the Fed decision, trading in the $75,000, $80,000 range as rate-hike expectations weighed on risk assets.

The post-decision repositioning is lifting the entire Bitcoin treasury equity complex, of which Strive is a key constituent alongside Strategy. However, the stock remains well off its 52-week high of $88.20, leaving it with significant ground to recover even as near-term sentiment improves.