- Mike Alfred increased his stake in Strive Asset Management by purchasing another 100,000 shares.
- Strive Asset Management, led by Vivek Ramaswamy, recently agreed to acquire Semler Scientific.
Hedge fund manager Mike Alfred said Wednesday he had added 100,000 shares of Strive Asset Management (ASST) at $1.05 and $1.06, bringing his total holdings to over 1.7 million shares. Alfred indicated he is “looking to add on further weakness.”
ASST is pacing toward a 5% decline at the close. The stock jumped to $1.16 at the open but pulled back as trading continued, per Yahoo Finance.
Alfred disclosed last month that he had acquired over one million shares in the Bitcoin-focused firm, pushing the stock up 49%.
Strive Asset Management, founded by Vivek Ramaswamy, recently agreed to acquire Semler Scientific. Once completed, the deal would expand its Bitcoin reserves, which currently total 5,886 BTC.