Strive (ASST) Surges 10.3% on Merger Completion and Bitcoin Treasury Strategy: Is This the Start of a Bullish Run?

Summary
• Strive (ASST) completes $1.5B merger with Strive Enterprises, triggering a 10.3% intraday rally to $4.06
• $750M equity raise and Bitcoin accumulation strategy announced, positioning ASST as a public Bitcoin treasury pioneer
• Intraday range of $3.645–$4.2399 highlights volatile reaction to strategic repositioning

Strive’s stock has erupted 10.3% in a single trading session, driven by the completion of its merger with Strive Enterprises and the announcement of a Bitcoin treasury strategy. The stock’s sharp rebound from a 10.3% decline at the open to a 15.67% after-hours surge underscores investor enthusiasm for the company’s pivot to digital assets. With $750M in fresh capital and a clear roadmap to outperform Bitcoin itself, ASST’s trajectory has become a focal point for crypto-focused traders.

Merger Completion and Bitcoin Treasury Strategy Ignite ASST's 10.3% Surge
Strive’s 10.3% intraday rally stems from the successful completion of its merger with Strive Enterprises, which secures $750M in equity financing and unlocks a potential $1.5B in proceeds. The combined entity’s immediate shift to a Bitcoin treasury strategy—aiming to accumulate Bitcoin while leveraging its zero-debt structure—has repositioned ASST as a unique player in the crypto space. Institutional confidence in the $750M private placement (PIPE) and the company’s debt-free balance sheet have fueled aggressive buying, particularly after the merger’s shareholder approval and Nasdaq listing clearance. The stock’s volatility reflects market anticipation of Bitcoin’s role in corporate treasuries, a trend gaining momentum across public companies.

Blockchain & Cryptocurrency Sector Rally: ASST Outpaces MSTR as Bitcoin Strategy Gains Momentum
The Blockchain & Cryptocurrency sector has seen mixed performance, with Marathon Digital (MSTR) rising 8.03% on Bitcoin’s 2.1% intraday gain. However, ASST’s 10.3% surge outpaces MSTR, reflecting its unique positioning as a publicly traded Bitcoin treasury company. While MSTR focuses on Bitcoin mining and staking, ASST’s strategy of leveraging capital to maximize Bitcoin per share—combined with its $750M liquidity—has attracted speculative and institutional attention. The sector’s broader rally, driven by Bitcoin’s 2.1% move above $114K, amplifies ASST’s momentum, suggesting its Bitcoin-centric model could redefine corporate treasury strategies.

Options Playbook: ASST20250926C4 and ASST20251003C4 Lead the Charge
• 200-day average: 2.87 (below current price) • RSI: 41.58 (oversold) • MACD: 0.298 (bullish divergence) • Bollinger Bands: 2.85–8.77 (price near upper band)

ASST’s technicals suggest a short-term bullish bias, with key support at $4.07 and resistance at $4.19. The stock’s 10.3% rally has pushed it closer to its 52W high of $13.42, but its -298 PE ratio and high volatility (316.81% IV) indicate speculative positioning. For leveraged exposure, ASST20250926C4 (strike $4, expiration 9/26) and ASST20251003C4 (strike $4, expiration 10/3) stand out:

• ASST20250926C4: Call option with 7.24% leverage ratio, 0.566 delta, 223.69% IV, and 0.281 gamma. High liquidity (10275 turnover) and moderate theta (-0.038) suggest strong short-term momentum. A 5% upside to $4.26 would yield a 66.5% payoff (max(0, 4.26 - 4)).
• ASST20251003C4: Call option with 6.64% leverage ratio, 0.573 delta, 182.63% IV, and 0.257 gamma. High gamma and moderate IV make it ideal for a continuation of ASST’s rally. A 5% move to $4.26 would generate a 66.5% payoff.

Aggressive bulls should target ASST20250926C4 into a break above $4.19 resistance. If the stock consolidates near $4.07 support, ASST20251003C4 offers a safer entry for a mid-term play.

Backtest Strive Stock Performance
Below is an interactive module that summarises the strategy setup and the back-test results for “ASST – 10 % Intraday Surge”.Key take-aways (in plain language):• Total return across all trades: –29.6 % • Yet the annualised return (reflecting short holding periods) was +69.6 %. • Average trade: +3.46 %; winners average +48.4 %, losers –14.9 %. • Risk was substantial – max drawdown 77.6 %. Feel free to explore the interactive panel for further detail (equity curve, trade list, etc.), and let me know if you’d like to adjust parameters or investigate additional signals.

ASST's 10.3% Surge: A Green Light for Aggressive Bulls?
Strive’s 10.3% rally is fueled by a strategic repositioning into Bitcoin treasuries and $750M in fresh capital, but its -298 PE ratio and high volatility suggest caution. The stock’s 52W range (0.335–13.42) and Bollinger Band proximity to the upper bound indicate a potential overextension. For now, ASST20250926C4 and ASST20251003C4 offer leveraged exposure to a continuation of the rally. Meanwhile, Marathon Digital (MSTR)’s 8.03% gain highlights the sector’s Bitcoin-driven momentum. Watch for a breakdown below $4.07 support or a breakout above $4.19 resistance to confirm the next move. Aggressive bulls: Buy ASST20250926C4 into a break above $4.19.