ASST rose as Bitcoin rallied, with Strive’s BTC treasury at 27,462 BTC as of Sept. 25 after adding 1,107 BTC. The stock often acts as a leveraged proxy for Bitcoin, with roughly 78% correlation to the iShares Bitcoin Trust ETF over the last 90 days, amplifying BTC moves for ASST holders.
Bitcoin's move above $80,000 has investors eyeing Strive (ASST) as a potential short-squeeze catalyst due to elevated short interest. S3 Partners flags ASST, MSTR, and COIN as heavily shorted, with ASST around 26% of float and BTC correlation near 0.7. A sustained BTC rally could lift ASST even with ongoing volatility in crypto stocks.
Strive Asset Management raised $750 million via a merger with Asset Entities. Securities will target struggling biotech firms for cash at a discount. Strive's strategy includes buying distressed bitcoin litigation claims. Biotech index performance is weak, decreasing potential returns. Bitcoin has risen sharply in 2025, drawing renewed interest.