Strive purchased 2,500 Bitcoin for approximately $185 million between May 23 and June 1, growing its BTC war chest to 19,000 BTC.

Strive (ASST) plans to expand its capital raise by $4.2 billion to accelerate aggressive Bitcoin accumulation.

Benchmark's Mark Palmer also initiated coverage of the stock with a Buy rating and $32 price target as ASST shares fell about 4% pre-market.