Strive Asset Management is trading down 6.05% at $25.92, with no specific catalyst identified in available reports. - On October 14, Strive disclosed that warrant exercises generated expected gross proceeds of $369.2 million and that it bought 2,822 bitcoin during October 12–13. - The prior-day announcement of a proposed 5,000,000-share offering of 15% perpetual preferred stock is relevant context, but coverage does not establish that it caused the common-stock decline. - Supplied market indices are mixed, with moves below 0.5%, and do not clearly explain the drop.