Strive Asset Management, LLC (ASST): A Bull Case Theory 

We came across a bullish thesis on Strive Asset Management, LLC on topsecretstocks’s Substack. In this article, we will summarize the bulls’ thesis on ASST. Strive Asset Management, LLC’s share was trading at $0.9529 as of January 19th.

Strive Inc. is a newly transformed financial services company that has repositioned itself as the world’s first “Bitcoin Treasury Asset Management” firm, following a major strategic overhaul in late 2025. The transformation began with a reverse merger between Strive Enterprises, co-founded by Vivek Ramaswamy, and Asset Entities Inc., taking the company public on Nasdaq under the ticker ASST. Strive has adopted a model akin to MicroStrategy (MSTR), using its balance sheet to aggressively accumulate Bitcoin with the objective of increasing “Bitcoin per share” for investors.

To further strengthen its treasury and diversify cash-flow-generating assets, Strive completed an all-stock acquisition of Semler Scientific (SMLR), a company recognized for holding Bitcoin as its primary treasury reserve. As of late 2025, Strive reported 7,525 Bitcoin on its balance sheet, valued at over $660 million. In parallel, the company raised $160 million through a Series A Perpetual Preferred Stock (SATA) offering to acquire additional Bitcoin without diluting common shareholders.

Its subsidiary, Strive Asset Management, manages over $2 billion across ETFs focused on “unapologetic capitalism” and meritocracy, moving away from traditional ESG metrics. The stock has been highly volatile, swinging from $0.36 to over $10 in 2025, and currently trades at $0.86, reflecting its high-beta correlation to Bitcoin prices. While GAAP results showed a net loss due to non-cash merger items, management expects the asset management business to reach breakeven or slight profitability in 2026.

Looking ahead, Strive plans to launch AI-driven financial products to personalize ETF investment strategies. The company represents a hybrid of a Wall Street asset manager and a crypto holding company, offering speculative but potentially significant upside linked to Bitcoin performance and adoption of its anti-ESG ETFs.

Previously, we covered a bullish thesis on BlackRock, Inc. (BLK) by Kroker Equity Research in February 2025, which highlighted its diversified asset management business, record net inflows, strategic acquisitions, and Aladdin® platform. BLK’s stock price has appreciated by approximately 17.20% since our coverage due to strong market performance. topsecretstocks shares a similar perspective but emphasizes Strive Asset Management, LLC’s (ASST) transformation into a Bitcoin Treasury Asset Management firm with meritocracy-focused ETFs.

Strive Asset Management, LLC is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held ASST at the end of the third quarter which was 4 in the previous quarter. While we acknowledge the risk and potential of ASST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.