Strive shares edge higher after fresh Bitcoin purchase disclosure

Strive, Inc. (ASST) is up 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is a newly filed company update showing that Strive bought 1,375 bitcoin between August 31 and September 4, increasing its total holdings to 24,531 bitcoin. Investors may also be responding to the company’s rising cash balance and its positioning as a debt-free Bitcoin treasury company. Because the gain is relatively modest, part of the move could also reflect normal volatility in Bitcoin-linked equities.

Details:

An September 8 Form 8-K disclosed that Strive purchased 1,375 bitcoin at an average price of about $79,281, including fees and expenses.

The same filing showed bitcoin holdings rising from 23,156 to 24,531, while cash and cash equivalents increased from about $183.5 million to about $202.6 million.

Strive’s latest quarterly results highlighted that the company had retired all outstanding short- and long-term debt as of early August.

Strive has been marketing itself as a Bitcoin treasury-focused public company, so incremental accumulation updates can influence trading sentiment even without a separate earnings release.

Sources:

SEC, Nasdaq, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ASST Insider Trading Activity

$ASST insiders have traded $ASST stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $ASST stock by insiders over the last 6 months:

PIERRE ROCHARD purchased 15,900 shares for an estimated $199,386

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ASST Hedge Fund Activity

We have seen 127 institutional investors add shares of $ASST stock to their portfolio, and 113 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 2,742,535 shares (+38.4%) to their portfolio in Q2 2026, for an estimated $29,921,056
GOLDMAN SACHS GROUP INC added 1,772,145 shares (+558.5%) to their portfolio in Q2 2026, for an estimated $19,334,101
BLACKROCK, INC. added 1,636,854 shares (+45.1%) to their portfolio in Q2 2026, for an estimated $17,858,077
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 672,045 shares (+120.6%) to their portfolio in Q2 2026, for an estimated $7,332,010
GEODE CAPITAL MANAGEMENT, LLC added 617,561 shares (+50.6%) to their portfolio in Q2 2026, for an estimated $6,737,590
LMR PARTNERS LLP removed 520,072 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $5,673,985
FIRST TRUST ADVISORS LP added 459,826 shares (+191.1%) to their portfolio in Q2 2026, for an estimated $5,016,701

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ASST Price Targets

Multiple analysts have issued price targets for $ASST recently. We have seen 5 analysts offer price targets for $ASST in the last 6 months, with a median target of $30.0.

Here are some recent targets:

Mark Palmer from Benchmark set a target price of $32.0 on 06/02/2026
Lance Vitanza from TD Cowen set a target price of $30.0 on 05/18/2026
Mike Colonnese from HC Wainwright & Co. set a target price of $38.0 on 05/15/2026
Fedor Shabalin from B. Riley Securities set a target price of $20.0 on 05/15/2026
Matthew Galinko from Maxim Group set a target price of $20.0 on 03/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.