Strive Asset Management Shares Surge 30% as Bitcoin Rally and Investor Interest Drive Momentum
Shares of Strive Asset Management (ASST) surged over 30% to $1.46 on Monday, extending gains from late last week amid renewed optimism in Bitcoin and a high-profile endorsement from investor Mike Alfred.
Semler Scientific (SMLR), which is merging with Strive in an all-stock deal, also rose 18% to $28.40. Alfred revealed on X that he had purchased more than 1 million ASST shares, calling Strive “one of the most promising BTC treasury companies globally.”
The spike in interest pushed ASST into the top-trending tickers on WallStreetBets, with over 100 mentions in 24 hours.
Strive announced last month it would acquire Semler at a 210% premium, valuing the stock at $90.52 per share. Despite early skepticism that sent both stocks tumbling below fair value, the recent Bitcoin rebound and bargain valuations have reignited investor enthusiasm.
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