Strive Jumps 5% as CEO Declares the Bitcoin Bear Market Over, Strategy and Bitmine Rise 3%

Strive (NASDAQ:ASST) stock is up 5% to $19.09 in early Monday trading after CEO Matt Cole declared the Bitcoin (CRYPTO:BTC) bear market over, with Strategy (NASDAQ:MSTR | MSTR Price Prediction) stock up 3% to $123.05 and Bitmine Immersion Technologies (NYSE:BMNR) stock up 3% to $23.50. Also, SharpLink (NASDAQ:SBET) stock is climbing 2% to $8.10 as the treasury complex moves together.

Bitcoin is up 2% over the past 24 hours to $78,987.45, and Ethereum (CRYPTO:ETH) is up 2% to $2,508.83 on the same tape. However, the CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is down 2% to $45, and the fund was down 20% over the past month through Friday’s close. Miners and treasury vehicles are moving in opposite directions today.

Cole’s Bear Market Call Ignites Treasury Names

Cole cited Bitcoin’s breakout against both the U.S. dollar and gold in the same week when he stated, “My conviction is very strong that the Bitcoin bear market is over.” Strive holds 20,246 Bitcoin at an average cost of $94,345, ranking seventh among public company holders. The position sits at an unrealized loss against current spot, so a durable move higher directly repairs Strive’s balance sheet.