Strive Asset Management shares surge 17.07% intraday after retiring 92% of debt and purchasing 334 Bitcoin via preferred stock raise.

Strive Asset Management, LLC (ASST) surged 17.07% intraday following multiple bullish developments. The company announced it had retired 92% of its acquired debt from the Semler Scientific acquisition and purchased 334 Bitcoin using proceeds from a preferred stock offering. These actions, coupled with a $225 million capital raise to further accumulate Bitcoin, signaled improved financial flexibility and strategic focus on crypto holdings. Additionally, Maxim Group reiterated a buy rating with a $1.50 price target, reinforcing investor confidence. While one news item referenced "moderately bullish activity" with shares down 12.22%, the lack of content and context suggests it may be an error or unrelated. The majority of recent updates—debt reduction, Bitcoin treasury expansion, and capital-raising efforts—directly align with the stock’s sharp intraday rally.