ASST Stock Surges After Aggressive Crypto Expansion
The ASST stock of Strive, Inc. surged 27% on Friday, October 24, 2025, closing at $1.10 per share after investors reacted positively to the company’s ambitious Bitcoin-focused strategy. The rally came despite a turbulent month for crypto-related equities, as the Dallas-based asset manager continues to double down on its identity as a Bitcoin treasury powerhouse.
Strive (NASDAQ: ASST), co-founded by former U.S. presidential candidate Vivek Ramaswamy, has transformed from an anti-ESG investment firm into what CEO Matt Cole calls “the first publicly traded Bitcoin treasury company.” Its core strategy centers on increasing “Bitcoin per share” by acquiring digital assets and integrating them into its balance sheet.
Strive’s Big Bitcoin Moves Drive Market Buzz
Earlier this year, Strive raised $750 million to purchase Bitcoin, signaling its serious shift toward crypto finance. In September, the company announced an all-stock merger with Semler Scientific, a biotech firm holding nearly 5,816 BTC, valued at over $675 million.
Following that, Strive agreed to acquire True North Inc., a Bitcoin-focused media and education platform linked to MicroStrategy, strengthening its ecosystem in digital finance.
These bold acquisitions are intended to turn Strive into a dominant player in the emerging Digital Asset Treasury (DAT) sector — companies holding large crypto reserves to generate shareholder value. “This merger cements Strive’s position as a top Bitcoin treasury company,” said CEO Matt Cole, adding that the company aims to “outperform Bitcoin over the long run.”
Wild Volatility Looms for ASST Stock
The ASST stock has had a roller-coaster year. After hitting highs above $13 in mid-2025, it plunged in late September when the company filed to register 1.28 billion new shares, triggering a 32% sell-off. Despite the setback, the recent rebound highlights investor interest in Strive’s crypto-centric future.
Analysts describe ASST stock as a highly leveraged play on Bitcoin. According to Kaiko analyst Adam McCarthy, DAT shares like Strive can move four to five times more than Bitcoin itself. That means a 5% drop in Bitcoin could trigger a 20% or larger swing in ASST.
This extreme volatility hasn’t deterred bullish investors, who view Strive as a potential “Berkshire Hathaway of Bitcoin” — a firm using its crypto assets to fund new deals and growth.
Leadership Overhaul and Strategic Direction
Adding to its transformation, Strive recently appointed Ben Werkman, a crypto veteran from Swan Bitcoin, as Chief Investment Officer. Werkman is tasked with overseeing Bitcoin acquisitions and risk management, marking another step in Strive’s pivot from its anti-ESG roots toward a pure digital-asset focus.
Under Werkman’s leadership, Strive plans to grow through strategic acquisitions and equity-based capital raising, mirroring the model of MicroStrategy’s Bitcoin playbook. While critics warn this approach could lead to shareholder dilution, proponents argue it positions Strive as an institutional leader in the next phase of Bitcoin finance.
Analysts Warn of High Risk, High Reward
Despite the excitement, major Wall Street firms still don’t cover ASST stock, and no formal price targets exist. Experts urge caution, highlighting the regulatory scrutiny surrounding crypto-treasury companies. Both SEC and FINRA have reportedly contacted over 200 firms in the sector, raising questions about transparency and investor protection.
Still, optimism persists. Some crypto market watchers suggest that Strive’s equity-based Bitcoin accumulation could offer outsized long-term gains if Bitcoin continues its upward trend. With BTC already up about 20% in 2025, Strive’s model could magnify returns during bull markets — but equally magnify losses in downturns.
Outlook: A Risky Yet Revolutionary Play
As of now, ASST stock represents one of the boldest bets in the intersection of traditional finance and cryptocurrency. While its aggressive strategy may invite volatility, it also positions Strive as a potential trailblazer in institutional Bitcoin adoption.
With the market cap fluctuating around the value of its Bitcoin holdings, the company’s future hinges on its ability to execute deals efficiently and maintain investor trust. For now, traders remain fixated on the next move in both Bitcoin’s price and Strive’s deal pipeline — indicators that could define the trajectory of ASST stock through the remainder of 2025.
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