TechFlow news, October 28 — U.S.-listed company Strive (ASST.US) has seen its stock price surge recently. On October 27 alone, the stock rose over 49%, with a three-day cumulative gain exceeding 110%. Both trading volume and options volume have spiked dramatically, making it a major market talking point.
Strive's rally is driven by multiple positive developments. The company officially went public through a merger with Asset Entities and acquired Semler Scientific, which holds 5,816 bitcoins, increasing its total bitcoin holdings to approximately 10,900 BTC, valued at over $1.2 billion. Meanwhile, the company appointed Bitcoin veteran Ben Werkman as Chief Investment Officer and received public backing from crypto investor Mike Alfred, positioning it as the "next hot Bitcoin play."
BiyaPay analysts note that Strive has become a highly leveraged "Bitcoin概念股" (Bitcoin concept stock), with its valuation highly sensitive to BTC price movements. While it offers significant upside potential, it also carries high volatility and risk of losses, making it suitable only for investors with strong risk tolerance. As Bitcoin breaks above $116,000 again, market interest in on-chain asset allocation is surging. BiyaPay supports zero-fee trading of cryptocurrency spot and futures contracts, and allows USDT trading in U.S. stocks, Hong Kong stocks, and futures, providing investors an efficient channel to capture opportunities across both crypto and traditional assets.
