Strive Inc (NASDAQ:ASST) just completed an offering of 2 million shares of its Variable Rate Series A Perpetual Preferred Stock, SATA, at $80 per share. The company used the $149.3 million raised to acquire 1,567 Bitcoin (BTC), with holdings now at 7,525 -- making it a top corporate holder.
Strive stock is firmly higher in response, last seen up 2% to trade at $1.54. Though the volatile penny stock fell sharply through September and October, it's still up 215% this year.
Options bulls have been eyeing the company's moves, as ASST made a rare appearance on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume over the past two weeks. In the last 10 days, the stock saw 6,395,981 calls and 285,683 puts exchanged, with the most activity at the weekly 10/31 1.50-strike call.
