Key highlights:
- ASST stock jumps 26.3% to $1.39, driven by Bitcoin treasury strategy and high-profile investor support.
- Strive announces acquisition plans for Semler Scientific and appoints ex-Swan Bitcoin exec as CIO.
- Retail buzz and call option volume surge as Strive positions itself as a key digital asset player.
Strive Inc (ASST) saw its stock surge 26.3% to $1.39 on Monday, building on momentum sparked by renewed interest in its Bitcoin-focused business strategy and high-profile investor endorsements. The sharp rally follows a wave of developments that have refocused market attention on the small-cap asset management firm.
Bitcoin-centric strategy draws market attention
Strive, which merged with Asset Entities in September 2025, has repositioned itself as the first publicly traded asset manager to integrate Bitcoin as a core component of its treasury strategy. The company aims to increase its Bitcoin holdings per share, making BTC a central element of shareholder value.
Recent investor enthusiasm stems in part from Strive’s all-stock acquisition of Semler Scientific (SMLR), a biotech company that holds over 5,800 BTC. The deal values Semler at $90.52 per share, with each SMLR share converting into 21.05 shares of ASST. While the merger has faced scrutiny over fairness and process, it significantly boosts Strive’s crypto reserves and market visibility.
Mike Alfred investment and retail frenzy
Momentum accelerated after investor Mike Alfred disclosed via X that he had purchased over 1 million shares of ASST. Alfred called Strive “one of the most promising BTC Treasury companies globally,” which catalyzed retail buying and bullish options activity.
I have taken an initial 1M+ share stake in Strive Asset Management $ASST. Strive is one of the most promising BTC Treasury companies globally trading at an attractive level. You simply do not bet against a generational talent like @BenWerkman. @jameslavish too 💪 pic.twitter.com/b7CsRpvaod
— Mike Alfred (@mikealfred) October 24, 2025
Data from SwaggyStocks and Reddit’s r/WallStreetBets show ASST as a top-trending ticker, with the company seeing a record 582,453 call options traded on Friday alone. The rally continued into Monday’s premarket session, where ASST shares were up over 25% at one point.
Leadership changes and financial challenges
Strive recently appointed Ben Werkman, formerly of Swan Bitcoin, as its new Chief Investment Officer. His role will focus on capital management, risk oversight, and furthering Strive’s Bitcoin initiatives.
Despite the bullish momentum, Strive’s financials paint a mixed picture. The company reported a Q3 net loss of $2.66 million and negative gross margins of -996.37%, although it maintains strong liquidity with a current ratio of 4.7. Operating expenses remain high, including $1.92 million for salaries and $814.86k in stock-based compensation.
Volatility and outlook
ASST has experienced extreme volatility in 2025, ranging from $0.34 to $13.42 per share. The stock dipped sharply after a September registration of 1.28 billion new shares, but has since rebounded strongly amid rising Bitcoin prices and positive investor sentiment.
As Strive deepens its role in the digital asset treasury space through strategic acquisitions and leadership shifts, investors appear willing to bet on its long-term crypto vision—despite the risks and ongoing financial headwinds.
Source:: Strive Inc Stock Surges Over 26% Amid Renewed Investor Interest and Bitcoin Treasury Moves