Vivek Ramaswamy’s Strive Buys $162M in Bitcoin After IPO

Sean Williams
Bitcoin (BTC)

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  • Strive bought 1,567 BTC worth $162 million, boosting holdings to 7,525 Bitcoin.
  • The firm financed the purchase through perpetual preferred equity post-IPO.
  • Strive is also seeking SEC approval for a Bitcoin Bond ETF on the NYSE.

American billionaire Vivek Ramaswamy’s firm, Strive Asset Management, has purchased 1,567 Bitcoin worth $162 million, according to a company filing following its IPO. The acquisition brings Strive’s total Bitcoin holdings to 7,525 BTC, solidifying its position as one of the largest corporate Bitcoin holders.

The purchase, valued at an average of $103,315 per Bitcoin, comes at a time when Bitcoin has rebounded from last week’s sharp decline to around $105,000. Despite the market’s volatility, Strive’s move signals growing institutional conviction that Bitcoin remains a key long-term asset.

Strive’s Bitcoin Strategy and Corporate Vision

Founded in 2022, Strive manages roughly $2 billion in assets and has consistently integrated Bitcoin into its broader investment philosophy. The company describes Bitcoin as “the most secure, transparent, and resilient reserve asset available to corporations today.”

Matt Cole, Strive’s Chairman and CEO, emphasized that the firm’s recent IPO and Bitcoin purchase demonstrate its operational precision and shareholder focus. “Bitcoin is our hurdle rate,” Cole said, referring to the cryptocurrency as the benchmark for Strive’s long-term capital discipline.

A New Approach to Bitcoin Treasury Management

Following its IPO, Strive became the first Bitcoin treasury company to finance its Bitcoin growth entirely through perpetual preferred equity—without resorting to debt. This approach underscores its belief in Bitcoin as both a financial and strategic asset.

Also Read: Bitcoin Whales Sell $1.7B in BTC: What This Means for Investors

Meanwhile, Strive is also pursuing regulatory approval for a Bitcoin Bond ETF, which would list on the New York Stock Exchange. The proposed fund aims to offer investors a regulated pathway to earn income tied to Bitcoin performance.

Strive Bets Big on Bitcoin’s Future

Ramaswamy’s Strive continues to make bold moves, positioning itself at the intersection of traditional finance and digital assets. As Bitcoin steadies near the $105,000 mark, Strive’s confidence in its long-term value reflects a growing trend among institutional investors seeking sounder monetary reserves beyond fiat.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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