Strive Jumps 7% as Strategy Ends 10

Strive Jumps 7% as Strategy Ends 10-Week Bitcoin Pause With $370M Buy

Quick Read

• Strategy (MSTR) broke its 10-week Bitcoin pause with a $370M buy, sending Strive (ASST) 6% higher even as Bitcoin fell.

• With SPY down 0.6% and Strive already up 97% in a month, its beta of 13.19 signals extreme reversal risk.

• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and MicroStrategy didn’t make the cut. Grab the names FREE today.

Strive (NASDAQ:ASST) shares are climbing this morning after peer Strategy (NASDAQ:MSTR) ended a 10-week Bitcoin purchase pause, a sentiment shift for corporate treasury names that arrives even as Bitcoin (<a href="https://xpertsstudio.com/crypto-is-developing-an-earnings-season-of-its-own/” title=”Crypto Is Developing an Earnings Season of Its Own”>CRYPTO:BTC) itself trades slightly lower on the day. The divergence sets the tone for Monday’s session.

Strive is up 7% to $23.20 in Monday trading. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.6% to $764.93. Bitcoin is down 0.5% to $78,397.57 over the past 24 hours, and that’s the anchor asset for this entire trade.

The divergence is the crucial story here. When a Bitcoin treasury company rises on a day the coin drifts lower, the move reflects sentiment about institutional appetite for the treasury model itself, and Strategy has just delivered the clearest available signal.

Strategy Returns to Buying After Ten Weeks

Strategy purchased 4,603 Bitcoin for $369.7 million between August 24 and August 30, at an average price of $80,318 per coin. The buy takes total holdings to 845,050 Bitcoin and breaks 10 consecutive reporting weeks without an addition.

The prior purchase came in the week ending June 14, when Strategy spent $100 million on 1,587 Bitcoin. The company funded this latest round by selling 4.53 million of its own shares, generating $602.8 million in net proceeds. Executive Chairman Michael Saylor said the moves reduced Strategy’s net leverage to 0%, and the SEC disclosure followed his two-word post: “We’re back.”

Why the Signal Reaches Strive

Strive is a structured finance company that has adopted Bitcoin as its hurdle rate for capital deployment, acquiring and holding the asset on its balance sheet and funding purchases through equity issuance. Its wholly owned subsidiary Strive Asset Management is an SEC-registered investment adviser managing over $2.8 billion. The company has also completed a merger with Semler Scientific.

The mechanism here matters. A Bitcoin treasury stock that climbs while the coin slips is being driven by sentiment about the model, and Strategy’s return after a 10-week pause is the most direct read on that appetite anywhere in the market today. That is why Strive shares are jumping without any company-specific news of their own.

Source: finance.yahoo.com