Strive Stock Jumps 6% Following $630M Capital Raise for Bitcoin Treasury

Key Facts

1Strive stock rose 6% following the closing of a $630 million preferred stock IPO.

2The company plans to use the proceeds from the Nasdaq-listed IPO to acquire additional Bitcoin.

Strive stock rose 6% following the closing of a $630 million preferred stock IPO. According to CoinGape, the company plans to use the proceeds from the Nasdaq-listed offering to acquire additional Bitcoin.

ASST closed at $25.54 on October 19, 2026, after reaching a day high of $26.23 and a low of $24.54. The capital raise is specifically intended to expand the company's Bitcoin treasury, attracting investor interest in its crypto-proxy business model.