Strive Asset Management's stock has continued its upward trajectory, reaching $30.8—its highest level since early October—as Bitcoin's price recovery gathers pace. The stock has surged 335% from its lowest point this year, while Bitcoin itself has climbed to $84,360, a 45% gain from its 2025 low.
Strive's Bitcoin Accumulation
Strive, co-founded by Vivek Ramaswamy, has emerged as one of the largest corporate Bitcoin holders, now owning 36,818 coins valued at over $3.1 billion. This positions it as the fourth-largest Bitcoin holder globally, trailing only Strategy, Metaplanet, and Twenty One Capital. The company's recent IPO of its SATS preferred asset raised funds to acquire an additional 7,328 coins, underscoring its commitment to expanding its Bitcoin treasury.
Bitcoin's Bullish Technical Setup
Bitcoin's price action suggests a potential breakout. After bottoming at $57,672 in July, it peaked at $87,254 before pulling back to $79,872. The cryptocurrency has now moved above the upper boundary of a falling wedge pattern—a classic bullish signal—and has surpassed the key resistance level of $82,703, its May high. This breakout is further supported by the Supertrend indicator, which remains bullish.
If Bitcoin continues its ascent, the next target is the $87,254 resistance, with a move above that potentially opening the door to the psychological $100,000 level. Such a rally would elevate Strive's Bitcoin holdings to approximately $3.6 billion.
Institutional and ETF Flows
Institutional interest in Bitcoin remains robust. JPMorgan Asset Management recently projected that Bitcoin will outperform traditional assets like gold, stocks, and bonds, with an expected annualized growth rate of 10% over the long term. This optimism is reflected in spot Bitcoin ETF flows, which saw $23 million in net inflows on Tuesday following a $526 million influx on Monday. Monthly data shows consistent accumulation, with $172 million in July, $3.52 billion in August, and $2.65 billion in September.
Strive Stock Technical Outlook
On the daily chart, Strive stock bottomed at $7.10 in February and has since staged a steady recovery, reaching a high of $31.87 before pulling back to $22.51 in mid-October. The stock remains above the Supertrend indicator, and the Relative Strength Index (RSI) has climbed to 63, its highest level since early October. A decisive move above the $31.87 resistance could trigger further gains, with the next target at $35.
Investors are closely watching whether Bitcoin can sustain its momentum and whether Strive's stock can break through its recent highs. The convergence of technical strength and growing institutional adoption suggests a favorable environment for both assets.
This article is for informational purposes only and does not constitute financial advice.
