ASST Stock Slips Overnight As $27 Warrant Deadline Nears - CEO Teases Strive's Next Capital-Markets Move

(MENAFN- AsiaNet News)

• Strive had 23.25 million shares underlying traditional warrants as of Oct. 2, down 2.1 million from the 25.35 million reported in the previous week.
• The warrants, initially expected to expire on Monday, were moved to Oct. 2 due to Columbus Day, a federal banking holiday.
• Meanwhile, Maxim hiked the target on Strive by more than 76%, while maintaining a 'Buy' rating on the shares. 

Shares of Strive Inc. (ASST) slipped 0.76% in the overnight session late Monday as the company's PIPE (private investment in public equity) warrants outstanding at a $27 exercise price are set to expire on Tuesday. 

Meanwhile, CEO Matt Cole said in a post on X,“Strive announces capital markets activities through SEC filings” on Tuesday morning. 

Warrant Details 

Cole said on X last month that Strive had $718 million in PIPE warrants outstanding as of Sept.11. By Oct. 2, 23.25 million shares remained underlying traditional warrants, down 2.1 million from the prior week, according to a regulatory filing. At the $27 exercise price, cash exercise of all warrants then outstanding could generate up to about $627.7 million in gross proceeds.

The warrants, initially expected to expire on Monday, were moved to Oct. 2 due to Columbus Day, a federal banking holiday, with all other terms remaining unchanged.

In September, Cole said in a post on X that as warrants near expiry, markets should“make sure to also look at options / short interest,” while keeping an eye on how many have already sold.“The rest of 2026 is going to be a lot of fun,” he added. 

ASST Stock: Wall Street Hikes

Maxim hiked the target on Strive by more than 76%, while maintaining a 'Buy' rating on the shares. Analyst Matthew Galinko raised the price target on Strive to $37 from $21, according to The Fly. The revised target implies an upside of 33.52% from the stock's last close. 

Galinko said that Strive is uniquely positioned as a Bitcoin (BTC) Digital Asset Treasury, with a debt-free balance sheet and liquid common and preferred stock issues, providing multiple levers to optimize BTC per share. 

Last week, Strive announced that it had bought 2,000 Bitcoin for $169 million at an average $84,422 each, raising its total holdings to 29,462 BTC through SATA preferred stock proceeds and $56.7 million from warrant exercises. According to the latest data from the company's website, Strive holds 29,462 BTC for a total market value of $2.42 billion. The average cost basis for BTC held is $89,994. 

As per data from Koyfin, five analysts covering the stock have a 12-month average price target of $33.20 on ASST, implying an upside of nearly 20% from its last close.  Of the analysts covering the stock, four have a 'Buy' rating, while one has a 'Strong Buy' rating. There are no 'Hold' or 'Sell' ratings on the stock. 

ASST Stock: Retail Stance 

On Stocktwits, retail sentiment around ASST stock was 'bearish' at the time of writing. Message volumes around the company increased 180% over 24 hours, according to platform data. 

One user said that if“the stock is above $27 and all of the warrants are exercised, that is not a good thing for the stock.  it is a good thing for the warrant holders at the expense of the common shareholders.”

Another user said,“$ASST this about to get crazy ugly.”

ASST stock has gained nearly 88% in 2026. 

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