Strive, Inc. (ASST) Stock Price & How to Invest

Strive, Inc. (Nasdaq: ASST) is a Dallas-based company that pairs an asset-management business with a bitcoin-treasury strategy. It exists in its current form because Strive, the asset manager co-founded by Vivek Ramaswamy in 2022, reverse-merged into a small public company called Asset Entities and kept Asset Entities' Nasdaq ticker, ASST. Shareholders approved the merger in 2025, and the combined entity was renamed Strive, Inc. The legacy asset-management arm had grown to roughly $2.0 billion in AUM across about 13 ETFs (index, energy, thematic, and fixed-income strategies) by the end of 2024, marketed around Ramaswamy's anti-ESG, shareholder-value positioning. Matt Cole serves as CEO and Chairman.

The defining feature today is the bitcoin treasury. Strive raised $750 million through a PIPE (priced at $1.35 per share), with up to another $750 million possible from warrant exercises, for as much as $1.5 billion in potential gross proceeds, explicitly to accumulate bitcoin using what it calls leveraged-beta and alpha-generating strategies rather than simply buying and holding. It deliberately avoided debt to preserve future leverage capacity. The company also acquired Semler Scientific in an all-stock deal (around $1.4 billion, completed in January 2026) that added bitcoin to its balance sheet. By late June 2026 Strive disclosed holdings of roughly 19,864 BTC (around $1.2 billion in value), ranking it among the top public corporate bitcoin holders. This is a highly speculative stock: its value is driven by bitcoin's price, continuous dilutive capital raises, and how the market prices the shares versus the underlying bitcoin, not by traditional earnings.

ASST is a highly speculative stock whose value moves directly with the price of bitcoin, so a sharp drop in bitcoin can hit the shares harder than the coin itself. Funding the bitcoin strategy through repeated PIPE and warrant issuance is dilutive, and the share count can grow substantially over time. The stock can trade at a large premium or discount to the net asset value of the bitcoin it holds, and that gap can swing violently with sentiment. Concentration in a single founder's brand, evolving regulation of crypto and bitcoin-treasury vehicles, and the unproven nature of the alpha-generating claims add further risk.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Strive, Inc.'s investor relations page or your broker.

• Bitcoin held: ~19,864 BTC (~$1.2 billion in value) disclosed late June 2026; among the larger public corporate holders
• Market capitalization: ~$0.74 billion (reported around mid-June 2026); moves sharply with bitcoin and sentiment
• Legacy AUM: ~$2.0 billion across ~13 ETFs by end of 2024 (asset-management arm)
• PIPE financing: $750 million raised (priced ~$1.35/share), with up to ~$750 million more from warrants, for as much as ~$1.5 billion potential
• Semler Scientific acquisition: all-stock deal ~$1.4 billion, completed ~January 2026, added bitcoin to the balance sheet
• Debt: Strive stated it elected not to raise debt in the PIPE, to preserve future leverage capacity

ASST is valued on its bitcoin strategy and treasury, not on conventional earnings. The market prices the stock against the bitcoin it holds plus the perceived value of the asset-management business and the capital-raising engine, which is why the share price can diverge meaningfully from net asset value in either direction. Figures here are approximate, tied to disclosures around June 2026, and change frequently as the company buys more bitcoin and issues stock; verify against Strive's investor relations page and SEC filings before relying on them.

There are three common ways to get ASST exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so ASST sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where ASST fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

If you believe a publicly traded vehicle run by Strive's team can accumulate bitcoin and pursue alpha-generating treasury strategies that outperform simply holding the coin, while also building an asset-management franchise, then ASST is one way to express that view through a brokerage account. It is a highly speculative position whose value tracks the price of bitcoin, the company's ability to keep raising capital, and how the market chooses to price the stock relative to the bitcoin it holds, all of which can swing sharply. Most people who hold something this volatile size it as a small, deliberate sliver rather than a core holding, and informational pages like this one are descriptive, not investment advice.

Whether ASST is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ASST a buy?, and where the stock could go from here in the ASST stock forecast.

For income investors, whether ASST pays a dividend and how the payout looks is covered in does ASST pay a dividend?