Strive Chairman and CEO Matt Cole said in a post that Feb. 19 marked the bear market bottom for the company’s stock, ASST. Cole said that at the time, Strive’s CFO, CLO, several executives, and directors bought shares in the public market, while three independent directors moved into full-time roles within six months. He said the company remained highly confident in its Bitcoin exposure, its leveraged structure, and the team’s chemistry, even as outside sentiment was weak.
Cole added that internal morale was strong at the time and that the company’s execution over the following six months validated that conviction. He said that although ASST has now rallied and broader market sentiment has improved, the team’s focus has not changed. In his view, the Bitcoin bull market is only beginning, and Strive has already built the corresponding leveraged structure and plans to press ahead fully.
Market data cited in the report shows ASST has gained more than 50% over the past four trading days and currently has a market capitalization of about $1.686 billion.
ChainCatcher reported that Strive Chairman and CEO Matt Cole said in a post that Feb. 19 marked the bear market bottom for the company’s stock, ASST.
Cole said that at the time, the company’s chief financial officer, chief legal officer, and several executives and directors bought shares in the public market. He also said three independent directors became full-time within six months, and that the company maintained strong confidence internally in its Bitcoin exposure, its leveraged structure, and the team’s chemistry. According to Cole, outside sentiment was depressed at the time, but morale inside the company was high, and execution over the following six months went on to prove that out.
He added that ASST has now surged and market sentiment has improved, but the team’s focus has not changed. Cole said the Bitcoin bull market is only just beginning, that Strive has built the corresponding leveraged structure, and that it intends to keep pushing ahead.
Market data cited in the report shows ASST is up more than 50% over the past four trading days, with a current market capitalization of about $1.686 billion.
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