How A Tiny Stock Jumped 52% On A $1.5B Bitcoin Gamble: Is It Genius Or Madness?

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Ah, the life of a stock! One moment, it’s just minding its own business, the next it’s soaring 17.8% to a staggering $6.28, as if someone whispered the sweet nothings of fortune into its ear. And just to make sure no one’s left behind, it rockets an additional 52% after hours to $9.55. But why? Ah yes, the merger announcement-how could we forget?

So, who’s in charge of this little crypto carnival? Matt Cole, CEO of Strive Asset Management, naturally. He’ll now wear the hat of the big boss in the newly merged entity, while the CEO of Asset Entities, Arshia Sarkhani, steps down to become the chief marketing officer-guess someone has to make sure the Twitter account stays active, right? And as for Ramaswamy, the man who once ran for U.S. president (because why not?), well, his role is still as mysterious as a late-night infomercial product. But hey, a little suspense never hurt anyone!

Strive’s Eye on Bitcoin Glory

What’s the plan? Simple: buy $1.5 billion worth of Bitcoin. And how? With a magical mixture of private investments and warrants-because why not throw a little corporate wizardry in there? If all goes according to plan, Strive will end up with 13,450 shiny Bitcoin, placing it comfortably among the top 10 corporate holders. Oh, and don’t worry, they’ll be in good company-other companies like MARA Holdings and XXI are also hopping on the Bitcoin train. Michael Saylor, the reigning champion of Bitcoin hoarding, is still sitting on a hefty 638,000 BTC. But it’s only a matter of time before he has to make room for more, right?

But wait! There’s more! Strive is also eyeing 75,000 Bitcoin from the infamous Mt. Gox exchange-because who doesn’t love a little bit of a financial mystery? If they succeed, the Bitcoin-per-share ratio will skyrocket, and suddenly, they’ll look like the smartest people in the room. Or maybe the luckiest, depending on how you see it.

Founded just a few years ago in 2022, Strive has already accumulated $2 billion in assets. But what’s more impressive? They’ve partnered with Asset Entities, a social media marketing firm with zero experience in the crypto world. Talk about making bold moves! It’s like watching your grandma try to use TikTok-risky, but fascinating.

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2025-09-10 07:33