Bitcoin News
By Sakamoto Nashi
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Strive's Bitcoin Position and Recent Stock Move. Strive is currently the fifth-largest corporate holder of Bitcoin in the world, with 25,000 BTC on…
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REX and Tuttle's Broader Leveraged ETF Suite. ASSX isn't a one-off. REX Shares and Tuttle Capital Management have been building out a whole…
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REX Shares just dropped a new leveraged ETF tied to Strive, the Bitcoin treasury firm sitting on 25,000 BTC.
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That distinction matters a lot. ASSX doesn't hold any Bitcoin directly. It's a leveraged bet on the equity of a company that holds Bitcoin — which is a pretty different animal…
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On Friday, Strive shares closed at $30.09, up 6.4% on the day. That price actually cleared the average analyst price target of $29.40 that had been in place over the past year.
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For ASSX holders, a 6.4% single-day gain in Strive translates — in theory, before fees and tracking error — to something close to a 12.8% return.
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ASSX isn't a one-off. REX Shares and Tuttle Capital Management have been building out a whole lineup of 2x leveraged ETFs tied to Bitcoin-adjacent companies.
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Related: Saylor Defends Bitcoins $1.6 Trillion Value Against Calacaniss Harsh Critique
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It's a crowded-ish space but probably not crowded enough yet, given how fast corporate Bitcoin treasury strategies have multiplied.
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The launch on Cboe specifically gives the fund a regulated, exchange-listed home. That matters for institutional traders and advisors who can't or won't touch unregulated crypto…
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Strive's approach to growing its Bitcoin reserves — using creative financing like perpetual preferred stock rather than just buying BTC with operating cash — is probably part of…
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The 469 BTC purchase funded by SATA issuance is a good example of that dynamic. It's a corporate finance story and a Bitcoin accumulation story at the same time.
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Related: Binance Bitcoin Reserves Soar to 702,900 BTC as Price Surges Past $81,000
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No further comments were provided by the companies on the launch. Regulatory oversight applies to the fund in the normal course, per standard ETF rules, but no specific…
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Strive closed at $30.09 on Friday — above that $29.40 analyst consensus — and the 6.4% single-session gain was the kind of move that makes a 2x leveraged ETF look very attractive…
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