Bitcoin Treasury Stock Supported by Vivek Ramaswamy Surges After CEO Purchases on Dip Following 25% Decline
Strive Inc. Stock Surge: Shares of Strive Inc. rose 9.02% after CEO Matt Cole announced a significant insider purchase of 500,000 shares, boosting investor confidence following a recent 36% decline in stock value.
CEO's Investment Impact: Cole's personal investment was well-received by investors, with notable figures like Mike Alfred praising the move as a sign of strong leadership during challenging times.
Market Context: The stock's recent struggles were attributed to a drop in Bitcoin prices and the company's decision to raise $500 million through a preferred stock offering.
Current Stock Performance: Despite the recent surge, Strive's shares are still trading at depressed levels, with a low Momentum score in Benzinga’s Edge Stock Rankings.
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- Bitcoin Price Impact: Strive shares are viewed as a leveraged play on Bitcoin, leading to a 13.12% increase to $8.72 as investors recalibrate the implied value of its digital assets amid Bitcoin's strong intraday performance.
- Bitcoin Holdings Disclosure: In a recent Form 8-K filing, Strive revealed it holds approximately 13,131.8 Bitcoins and $127.2 million in cash, with the rising market value of these assets potentially attracting more income-focused investors as Bitcoin rallies.
- Technical Weakness: Despite the recent price surge, Strive is trading 40.4% below its 20-day simple moving average and 64.6% below its 100-day SMA, reflecting significant short-term weakness, with shares down 33.26% over the past year.
- Key Support Level: ASST shares are trading near their 52-week low of $7.57, with an RSI of 27.42 indicating oversold conditions; however, the overall trend remains bearish, suggesting investors should approach with caution amid market volatility.
- Revenue Beat: Strategy reported fourth-quarter revenue of $122.99 million after Thursday's close, surpassing analyst expectations of $118.48 million, indicating strong market performance that may attract more investor interest.
- Earnings Growth: The company posted adjusted earnings of $16.37 per share, exceeding analyst estimates of $10.96 per share, demonstrating significant improvement in profitability that could lay the groundwork for future growth.
- Stock Price Decline: Despite the revenue and earnings beats, Strategy's stock dipped 4.8% to $128.36 in pre-market trading, reflecting market concerns about the overall economic environment, which may impact investor confidence.
- Market Trends: U.S. stock futures were lower, with Nasdaq 100 futures falling around 100 points, indicating cautious market sentiment that could pressure tech stocks and influence overall investment strategies.
- Preferred Stock Offering: Strive announced the pricing of 1.32 million shares of its variable rate Series A perpetual preferred stock at $90 per share, providing significant funding support and enhancing its capital structure.
- Follow-On Offering Plans: The company plans a $150 million follow-on offering, reflecting a proactive response to market demand and aiding in the expansion of its capital base for future growth.
- Settlement Arrangement: The preferred stock offering is scheduled to settle on January 27, 2026, indicating the company's active engagement in capital markets and strategic planning for future financing.
- Convertible Note Exchange: Strive also intends to enter into privately negotiated exchange agreements with Semler convertible note holders for $90 million, expected to result in the issuance of approximately 930,000 new shares of SATA stock, further optimizing its capital structure.
- Offering Plan: Strive (SATA) plans a $150 million follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, with implementation contingent on market conditions, aimed at optimizing its capital structure and enhancing financial flexibility.
- Use of Proceeds: The net proceeds from this offering will be used alongside cash on hand to repay or repurchase outstanding convertible notes and other borrowings at its wholly owned subsidiary Semler Scientific, as well as for bitcoin-related investments, working capital, and general corporate purposes, indicating the company's focus on diversified investments.
- Debt Restructuring Negotiations: Strive is also negotiating potential exchanges of some outstanding convertible notes for preferred shares, which could reduce the offering size, although such exchanges would not generate cash proceeds, reflecting the company's flexible strategy in optimizing its capital structure.
- Market Reaction: Following the announcement of the offering, Strive's stock price fell 2.74% in after-hours trading to $0.8679, indicating a cautious market response to the offering plan, which may impact investor confidence.
- Bitcoin Holdings: Strive currently holds approximately 12,797.9 bitcoins, making it the 11th largest publicly traded corporate holder globally, indicating a strategic positioning in the cryptocurrency sector.
- Executive Appointment: Avik Roy has been appointed as Chief Strategy Officer, focusing on monetizing Semler Scientific's operations by expanding into early-disease detection products, aiming to enhance the company's competitiveness in the healthcare industry.
- Stock Performance: Strive's stock is trading at $0.96, which is 5.2% above its 20-day simple moving average but 56.4% below its 100-day simple moving average, reflecting a struggle to maintain long-term momentum.
- Earnings Expectations: Analysts expect Strive to report an EPS of -$0.01 on March 30, 2026, an improvement from -$0.21 year-over-year, with projected revenue of $1.80 million, indicating potential for future growth.

- Bitcoin Holdings Increase: Following the acquisition of Semler Scientific, Strive now holds approximately 12,797.9 bitcoins, making it the 11th largest public corporate holder globally, thereby enhancing its market position in the digital asset space.
- Strategic Executive Appointment: Avik Roy has been appointed as Chief Strategy Officer, focusing on monetizing the Semler Scientific subsidiary's early disease detection products, which is expected to drive innovation and growth in the healthcare technology sector.
- Management Changes: Eric Semler joins Strive's board as an independent member, while Joe Burnett takes on the role of VP of Bitcoin Strategy, bringing extensive industry experience that will support the company's strategic development in both Bitcoin and medical devices.
- Asset Management Expansion: Since launching its first ETF in August 2022, Strive Asset Management has grown to manage over $2 billion in assets, and the acquisition of Semler Scientific is anticipated to further enhance its competitiveness and market share in Bitcoin asset management.







