Analytical / Market Insight Style
Investor Buzz and Bitcoin Rebound Spark Sharp Rally in Strive Shares
A confluence of factors — including Bitcoin’s price recovery, a bullish investor signal, and undervalued fundamentals — sent Strive Asset Management (ASST) shares up 30% to $1.46 Monday.
The move followed investor Mike Alfred’s disclosure that he acquired over 1 million shares, calling Strive one of the most undervalued Bitcoin treasury firms. Retail traders quickly followed suit, propelling ASST to the top of WallStreetBets’ trending tickers.
Strive’s all-stock merger with Semler Scientific (SMLR), announced last month, initially weighed on both companies, with Strive’s stock trading below its Bitcoin balance sheet value. But with Bitcoin climbing and confidence returning, traders appear to be revaluing the stock’s long-term potential.
