New York Hedge Fund Buys $125K+ of Strive (ASST) After Company Adds 5,000 BTC
New York multi-strategy hedge fund FNY Investment Advisers (First New York) disclosed a new position of 160,000 shares in Strive Asset Management (ticker: ASST) in late 2025. At ASST’s recent close near $0.78, the stake is worth just over $125,000, compared with about $118,000 spent to acquire the shares. Strive, a Bitcoin-focused asset manager backed by Vivek Ramaswamy, recently closed its acquisition of Semler Scientific on January 16, adding over 5,000 BTC to its treasury. That acquisition brought Strive’s total Bitcoin holdings to roughly 12,798 BTC, moving the company into 11th place among corporate Bitcoin holders—ahead of Tesla and Trump Media & Technology Group. Strive is planning a follow-on offering of SATA preferred stock to raise up to $150 million to buy more Bitcoin and related products, pay down debt and fund growth. Key points for traders: institutional buying in ASST signals investor interest in Bitcoin treasury plays; a planned $150M raise could increase corporate BTC demand; Strive’s enlarged treasury (≈12,798 BTC) tightens corporate supply dynamics and may affect BTC sentiment.
Bullish
The news is mildly bullish for Bitcoin and BTC-related equities. Reasons: 1) Institutional interest — First New York’s disclosed purchase of ASST signals continued institutional appetite for publicly traded Bitcoin treasury plays, which can attract additional investor flows into similar stocks. 2) Supply-demand dynamics — Strive’s acquisition of Semler added ~5,000 BTC, raising its treasury to ~12,798 BTC and placing it among the largest corporate holders; larger corporate treasuries typically reduce available market float and can support upward price pressure on BTC over time. 3) Planned capital raise — Strive’s proposed $150M SATA preferred offering is explicitly aimed at buying more Bitcoin and related products, which, if executed, would create further corporate demand and be a positive demand-side driver. Short-term impact: modestly positive for ASST and sentiment around corporate Bitcoin accumulation; price moves may be limited by the small direct capital involved relative to global BTC market cap and by potential share dilution from the offering. Traders may see short-term momentum in ASST and related tickers and possible positive spillover to BTC spot/derivatives sentiment. Long-term impact: if Strive follows through on large purchases and other firms pursue similar strategies, corporate accumulation can be a structural tailwind for BTC. Caveats: share dilution, execution risk of the offering, and macro or regulatory headwinds could offset gains, so risk management remains important.