Why ASST Stock Is Surging over 25% in Premarket Trading Today
Strive Inc., formed from a merger in September 2025, is seeing ASST stock surge over 25% in premarket trading. The company raised $750 million and aims for $1.5 billion in total funds. Strive is the first asset manager to integrate Bitcoin into its cash strategy, focusing on increasing "Bitcoin per share". Recent mergers with Semler Scientific and True North Inc. are enhancing its digital asset presence. Despite volatility, ASST stock is up over 120% year-to-date, reflecting investor interest in Strive's crypto initiatives.
For context, Strive Inc. was created in September 2025 when Strive Asset Management merged with Asset Entities Inc., which was already listed on the Nasdaq. Strive raised about $750 million from the merger and private financing, with another $750 million possible if investors use their warrants, giving the company a path to roughly $1.5 billion in total funds.
Strive Pushes Deeper Into Crypto
Strive has become the first publicly traded asset manager to use Bitcoin as a core part of its cash strategy. The company's main focus is to grow the amount of "Bitcoin per share" by buying digital assets and holding them on its balance sheet.
In September, Strive announced an all-stock merger with Semler Scientific (SMLR), a biotech company that already holds about 5,816 BTC worth more than $675 million. Likewise, Strive agreed to purchase True North Inc., a Bitcoin-focused media and education company tied to Strategy (MSTR). These deals are helping Strive build a stronger presence across the digital asset space.
Together, these bold moves are designed to position Strive as a major force in the growing digital asset treasury (DAT) market, where companies hold large crypto reserves to boost long-term value for shareholders.
What's Happening With ASST Stock?
ASST stock has been on a wild ride this year. It climbed above $13 in mid-2025, then dropped sharply in late September after the company moved to register 1.28 billion new shares. Still, the latest bounce shows that investors are paying close attention to Strive's big crypto plans.
ASST shares have swung between $0.34 and $13.42 in a 52-week range. Even with that volatility, the stock is still up more than 120 percent year-to-date.
