Strive stock jumps after CEO discloses over 515,000 share purchase
Crypto Briefing
Strive Asset Management stock surged 13% after CEO Matt Cole disclosed purchasing over 515,000 shares.Summary
Shares of Strive Asset Management (ASST), a Bitcoin treasury company co-founded by Vivek Ramaswamy, increased by about 13% intraday on Tuesday following the disclosure of a significant insider purchase by CEO Matt Cole. Cole acquired more than 515,000 ASST shares on December 15, signaling strong executive confidence, especially as the purchase occurred near the stock's recent low of $0.79. Strive, which currently holds approximately 7,525 Bitcoin valued at $660 million, is also seeking up to $500 million through a preferred stock offering to buy more Bitcoin and support general corporate activities.
(Source：Crypto Briefing)