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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
Company Overview - Columbus Circle Capital (BRR) has completed its merger with ProCap BTC, which has raised over $750 million to establish a bitcoin treasury firm, now renamed ProCap Financial, set to trade on Nasdaq under the BRR symbol [1] Market Performance - The performance of bitcoin treasury companies (BTCTCs) has been poor this year, with many experiencing declines of 90% or more post-SPAC merger, including notable companies like KindlyMD (NAKA) and Strive (ASST), which now trade for less than $1 [2] Stock Movement - BRR shares had been trading close to their offering price of $10 for several months, closing at $10.15 before the merger approval, but dropped over 50% to $4.36 following the merger announcement [3] Management Compensation Concerns - Concerns have been raised regarding the high compensation packages for management and boards of BTCTCs, questioning the value provided to investors who can buy and hold bitcoin themselves [4] Management's Response - Anthony Pompliano, leading ProCap Financial, announced he will take a salary of $1 per year with no guaranteed bonuses, and any equity compensation will only be available if the stock price exceeds $15 per share, which is over three times its current trading price [5] - Pompliano emphasized that CEOs and boards should not earn millions unless retail shareholders also benefit, aiming to set a standard for shareholder alignment [6]