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Strive Asset (ASST) Rallies 7% After Falling Below Minimum Bid Price
Yahoo Finance· 2025-12-25 15:37
Group 1 - Strive Asset Management, LLC (NASDAQ:ASST) experienced a price surge of 7.03% on Wednesday, closing at $0.8620, as investors increased their positions following a failure to meet exchange listing requirements [1][4] - The company has been trading below the $1 minimum bid price for 10 consecutive days since December 11, 2025, which raises concerns about potential delisting from the Nasdaq [2] - Strive announced an increase in its annual dividend rate for preferred stockholders to 12.25% from 12%, with monthly payments starting in January 2026 [2][3] Group 2 - The first round of dividends, amounting to $1.0208 per share, will be payable on January 15, 2026, to preferred shareholders recorded as of January 1, 2026 [3] - Strive Asset Management holds approximately 7,525 Bitcoins as of November 7, 2025, positioning itself as a Bitcoin treasury company [4]
Anthony Pompliano's Bitcoin Treasury Firm ProCap BTC Closes SPAC Merger Deal
Yahoo Finance· 2025-12-06 14:29
Special purpose acquisition company (SPAC) Columbus Circle Capital (BRR) and ProCap BTC — led by Anthony Pompliano and having raised more than $750 million to build a bitcoin treasury firm — closed their merger late Friday. The combined company has been renamed ProCap Financial and will begin trading on the Nasdaq under the BRR symbol on Monday. The performance of the hastily-formed bitcoin treasury companies (BTCTCs) this year has been disastrous, with most down 90% or more following their SPAC combinat ...