The hidden corner behind the 1.1 billion USD Bitcoin of Strive
Although the headline about the #Strive entering the top 10 entities holding the most Bitcoin sounds impressive, you need to look at their stock reality for a multidimensional view. That's the story, even though they own a huge amount of BTC, Strive's ASST stock price has plummeted by up to 78% in the past 6 months. Right after the merger with Semler Scientific was approved, the stocks of both parties fell sharply. This shows that traditional investors are still very cautious with the strategy of "betting" the entire future of the company on Bitcoin's fluctuations. #anhbacong
Strive's purchase of additional BTC at the price of 89,851 USD can be considered a rather risky move if the market enters a deep correction phase. Retail investors need to be alert: just because you see a "shark" buying in doesn't mean you have to jump on board immediately. Strive can withstand the heat thanks to preferential stock issuances to raise capital, but your own pockets do not have that cushion. Remember, a strong digital asset accumulation strategy does not always equate to a sustainable business model in the eyes of Wall Street finance. $BTC
