Strive CEO: Amplification Ratio Exceeds 70%, Bitcoin at 200-Week Moving Average

TechFlow reported on November 13 that Strive ($ASST) CEO Matt Cole said on X that Bitcoin is near its 200-week moving average of about $68,000. Historically, this has often been one of the best times to increase Bitcoin exposure and a key moment to test Bitcoin corporate structures.

He disclosed that Strive's 'amplification ratio' rose from 30% on December 31 of last year (when Bitcoin was about $87,500) to 55% on September 30 (Bitcoin about $83,600). Even though Bitcoin has risen 43% from its June low and the model would have compressed the ratio from 67% to about 47%, the company maintained 55%. After launching SATS preferred stock and through this decline, the ratio has exceeded 70%. Year to date, ASST is up about 51%, while Bitcoin is down about 19% over the same period.

Cole said this performance came from a 'no debt, no staked Bitcoin' structure—there are no margin calls and no maturity pressure. He also said the company removed the mNAV metric from its dashboard last week because it reflects only a single point in time and treats an operating company as a passive fund. Because the common shares are trading at a discount to net asset value, the company has not issued additional common shares in the past two weeks and believes issuing shares at current prices would dilute shareholder value. Strive said it remains constructive on Bitcoin's risk-reward for 2027.

Source: TechFlow