$ASST

Strive (ASST), American Bitcoin (ABTC) and Bitmine (BMNR) increased crypto treasuries while Strategy (STRC) sold 1,638 BTC for about $104.7 million to fund dividends and cash reserves, according to a Strategy 8-K. Strive bought 20 BTC for about $1.3 million. American Bitcoin topped 8,000 BTC. Bitmine raised its ETH treasury to 5,797,813 ETH.

Strive’s VP of Bitcoin strategy, Joe Burnett, said the prior week was among Bitcoin’s worst, citing a firmware exploit that led to about 1,082 BTC (around $70 million) being stolen from Coldcard hardware wallets. Burnett urged large holders to use institutional custodians over self-custody. Coldcard maker Coinkite shipped the flawed version in 2021 and later patched it.

Vanguard’s VTSAX added 269,200 shares of Peter Thiel-backed Bitcoin treasury company Strive (Nasdaq: ASST), raising its position to 1.98 million shares worth about $23.7 million, according to BitcoinTreasuries.NET. The filing follows Vanguard’s July 6 digital assets leadership hire. Strive also reported buying 79 BTC at an average $65,723 per coin.

Crypto equities fell as Bitcoin dropped to about $63,000 and Ethereum slid. Bitmine Immersion Technologies (BMNR) led the decline, down over 4% pre-market after a prior-session gain. Circle Internet Group (CRCL), Strategy (MSTR), and Strive (ASST) each fell more than 3%, while COIN and HOOD fell about 2%. CoinGlass reported $630M in liquidations.

Digital Asset Treasury (DAT) stocks fell as Bitcoin and Ethereum retreated. According to the article, MicroStrategy (MSTR) slid for an eighth straight day to its lowest since Feb. 2024, with market cap down from $122B to $30.3B. BitMine (BMNR) fell from $160 to $13; Strive (ASST) from $20 to $11.5. The piece also cites declines in Strategy-related shares and preferreds tied to par.

The article highlights five small-cap financial stocks and cites analyst actions and company updates. BTIG began coverage of Better Home & Finance (BETR) with a $36 target and Buy rating; BETR and Coinbase said they funded the first Fannie Mae-eligible Bitcoin-backed mortgage, targeting rollout by summer 2026. It also lists Gold.com (GOLD), Goosehead (GSHD), AGI (AGBK) after a Moody’s upgrade, and Strive (ASST), which added 73 BTC.

Strategy’s preferred stock STRC closed Tuesday at $91.79, its third-lowest level since July 2025, as bitcoin prices fell and investors raised debt/dividend-coverage concerns. The security has not traded at its $100 par since May 15. Strategy has about seven months of dividend coverage after repaying $1.5B convertible debt. Investors have shifted toward Strive’s SATA, near $99.99 with ~13% yield and no debt; STRC trades about $8.20 below SATA.

Strive, Inc. (ASST) said in an SEC Form 8-K that it bought 1,109 Bitcoin from May 19–22 at an average $76,989 per coin (including fees), costing about $85.4 million. The purchase, funded via proceeds from its Variable Rate Series A Perpetual Preferred Stock, raised its treasury to 16,500 BTC and moved it to seventh among public corporate holders. The filing also reported $93.3 million cash and cash equivalents and $50.1 million preferred stock.

The article claims Strive (ASST) became the seventh-largest corporate holder of bitcoin after one week of buying, citing the company’s purchases. It also discusses broader AI and robotics forecasts from figures including Andy Jassy and Elon Musk, and promotes a paid newsletter offering details on an “underdog” stock. No verifiable financial figures for ASST are provided.

Benchmark upgraded Strive (ASST) to a “strong-buy” rating and set a $32.00 price target, implying 117.1% upside, according to MarketBeat. Other analysts cited include TD Cowen ($30), B. Riley ($20), and Maxim ($20). Strive shares opened at $14.74. In its May 14 quarter, it reported EPS of -$5.19 and revenue of $2.76M.