ASST Jumps Toward Best Month In Over A Year As BTC Holdings Grow, But Analyst Warns ‘Sell The Stock, Buy Bitcoin’
Earlier in June, Cole had outlined in a post on X that although investing in Bitcoin operating companies is" very unlikely to outperform" Bitcoin itself for the next 10-15 years, supporting the Bitcoin network is important to help Bitcoin operating companies grow and succeed.
Strive's Bitcoin Reserves
Recently, Strive revealed in a regulatory filing that it had purchased 1,110 BTC at an average price of $73,409 per BTC, between Aug. 17 and Aug. 21. This accounts for about $81.5 million worth of fresh purchases, bringing the company's total holdings to 21,356 BTC.
Cole said that a year ago, Strive had zero BTC, but now it owns "more than 1 out of every 1,000 Bitcoin that will ever exist."
BTC prices have surged in recent weeks, with its price now above $80,000 for the first time since May 2026.
ASST Stock: Retail Stance
On Stocktwits, retail sentiment around ASST stock was 'extremely bullish' at the time of writing, with message volumes up more than 156% as per platform data.
One user said, "$ASST this is a 200-300$ stock when btc hits 250k+ this cycle."
Another user said, "$ASST I would not sleep well, holding this SHORT overnight. Unless they attack BTC in a huge Rug Pull, this is going much much higher."
ASST stock is up more than 33% so far in 2026. BTC, meanwhile, has declined nearly 8% this year.
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Aashika Suresh has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.
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