On August 27, Strive rose 8.56% in regular trading, trading at $23.3/share, with turnover of $254 million.

On the news front, Bitcoin sustained its rally above the $80,000 level for the first time since May, fueling broad-based strength in cryptocurrency-concept equities. Strive, which has adopted a Bitcoin treasury reserve strategy and recently expanded its ATM financing programs by $2.1 billion each for its ASST and SATA securities, has benefited from the macro-driven crypto rebound. The rally was initially sparked by a shift in U.S. Treasury policy that boosted demand for scarce assets, triggering a short squeeze that drove Bitcoin up over 20% in three days — the largest such move since 2023. Institutional demand has also returned, with spot Bitcoin ETFs recording $1.92 billion in net inflows last week.

Strive previously reported Q2 revenue of $2.94 million, beating estimates of $2.70 million, though its adjusted loss widened to $3.65 per share. B. Riley maintains a Buy rating on the stock, most recently adjusting its price target to $16 from $20.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)