Strive Asset Management Acquires 2,500 BTC for $185.2M

Strive Asset Management (ASST) has acquired 2,500 bitcoin for approximately $185.2 million at an average price of $74,092 per coin, according to an 8-K filing released Tuesday. This purchase, made between May 23 and June 1, was at a lower average price than Strive's previous acquisition of 1,109 BTC at $76,989 on May 22, indicating a strategic buy during a market dip. The company's total bitcoin holdings now stand at 19,000 BTC, placing it among the top 10 publicly traded corporate holders. Benchmark analyst Mark Palmer initiated coverage on Strive with a Buy rating and a $32 price target, suggesting a potential 93% upside.