Strive Shares Soar 30% as Investor Buzz and Bitcoin Rally Drive Renewed Momentum

A combination of a bargain valuation, a bullish investor endorsement, and Bitcoin’s rebound ignited a sharp rally in Bitcoin treasury stocks on Monday.

Shares of Strive Asset Management (ASST) and Semler Scientific (SMLR) extended their premarket gains, continuing the surge sparked by growing excitement around the first-ever merger between two publicly traded Bitcoin treasury companies.

Strive’s stock jumped roughly 30% to $1.46, while Semler rose 18% to $28.40, building on strong momentum from late Friday. The move followed a post from well-known investor Mike Alfred, who revealed on X (formerly Twitter) that he had purchased more than 1 million shares of Strive.

“Strive is one of the most promising BTC Treasury companies globally trading at an attractive level,” Alfred wrote.

Retail traders quickly piled in, with WallStreetBets listing ASST among its top-trending tickers over the past 24 hours, racking up more than 100 mentions.

The renewed enthusiasm follows Strive’s September announcement that it would acquire Semler Scientific in an all-stock transaction valuing Semler at a 210% premium, or $90.52 per share based on Friday’s close. Under the deal, each SMLR share will convert into 21.05 ASST shares once the merger is complete.

While Wall Street initially punished both stocks—sending Strive below $0.80 last week, nearly 50% beneath the value of its Bitcoin holdings—the tide has turned. The rebound in Bitcoin’s price, coupled with Alfred’s high-profile support and the perception of deep value, has fueled a powerful short-term rally.