Strive Shares Soar 33% on Monday After Mike Alfred Announces Stake of Over 1 Million Shares
Strive Shares Soar 33% on Monday After Mike Alfred Announces Stake of Over 1 Million Shares Shares of Strive Inc. (NASDAQ: ASST) rose about 33% on Monday after investor Mike Alfred disclosed a stake of over one million shares. This increase highlights growing interest in Strive’s shift to a Bitcoin-treasury strategy, although risks remain. What happened and why it matters On Monday, Strive’s stock jumped about 33% after Mike Alfred, a well-known investor, announced that he holds more than 1 million shares of the company. Such a large disclosure often sparks new interest from investors, as it can indicate confidence from a knowledgeable market player. So, what caused the surge? Two main reasons: 1. Strive has been changing its focus to a “bitcoin treasury” model. Reports indicate that the company has around 10,900 bitcoins (valued at roughly US$1.26 billion) in its corporate treasury. 2. Alfred’s large stake gives the story visibility, adding credibility to the change. Some i...