Strive shares surge 22.44% after-hours as $225M capital raise funds debt retirement and 334 BTC purchase.

Strive Asset Management, LLC (ASST) surged 22.44% in after-hours trading following the announcement of a $225 million capital raise via an upsized equity offering, which enabled the company to retire the majority of its acquired debt and purchase 334 Bitcoin. The firm also confirmed it now ranks among the top 10 publicly traded Bitcoin holders, bolstering its position as a major institutional cryptocurrency treasury player. These moves, coupled with the completion of its acquisition of Semler Scientific, signaled improved financial flexibility and strategic alignment with Bitcoin’s long-term value proposition, driving investor optimism. The after-hours rally reflects market confidence in Strive’s deleveraging and crypto accumulation efforts amid broader sector tailwinds.