Vivek Ramaswamy-Backed Bitcoin Treasury Stock Rallies After CEO Buys Dip Following 25% Pullback
Shares of Bitcoin (CRYPTO: BTC) treasury firm, Strive Inc. (NASDAQ:ASST), surged on Tuesday, after a major insider purchase helped shore up confidence following a sharp pullback in recent weeks.
Strive stock is trading at depressed levels. What should traders watch with ASST?
CEO Builds Skin In The Game
The stock surged 9.02% on Tuesday, after the company’s CEO, Matt Cole, announced in a post on X that he had purchased 500,000 shares in the company on Monday.
According to SEC filings, Cole acquired about 500,000 shares of the company at an average price of $0.815 per share, both directly and through his company, LT&C LLC, as well as via his 401(k) account.
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The asset management company, which was founded by …
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