{ "id": 56979, "date": "2025-12-10T09:20:14", "date_gmt": "2025-12-10T02:20:14", "guid": { "rendered": "https:\/\/hbbgroup.net\/vivek-ramaswamys-strive-to-raise-500m-to-buy-bitcoin\/" }, "modified": "2025-12-10T09:20:14", "modified_gmt": "2025-12-10T02:20:14", "slug": "vivek-ramaswamys-strive-to-raise-500m-to-buy-bitcoin", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/vivek-ramaswamys-strive-to-raise-500m-to-buy-bitcoin\/", "title": { "rendered": "Vivek Ramaswamy\u2019s Strive to raise $500M to buy Bitcoin" }, "content": { "rendered": "
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Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products. <\/p>\n

\"Vivek<\/picture><\/div>\n
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Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases.<\/p>\n

The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated<\/a> on Tuesday that it intends to use the net proceeds from the sale for \u201cgeneral corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.\u201d<\/p>\n

It also intends to purchase \u201cincome-generating assets\u201d to grow the company\u2019s business, but did not specify which.\u00a0<\/p>\n

The move represents another significant public company using capital markets to accumulate Bitcoin (BTC<\/a>), a strategy pioneered by Michael Saylor\u2019s Strategy.\u00a0<\/p>\n

Strive is the 14th-largest holder of Bitcoin<\/h2>\n

Strive is the 14th-largest corporate holder of Bitcoin, with 7,525 BTC worth approximately $694 million at current market prices.\u00a0<\/p>\n

The firm announced<\/a> its pivot to a Bitcoin treasury through a public reverse merger in May. In September, Strive agreed to acquire<\/a> Semler Scientific in a move that positioned the combined entity as one of the largest corporate holders of BTC.<\/p>\n

Related: <\/strong><\/em>Strive calls on MSCI to rethink its \u2018unworkable\u2019 Bitcoin blacklist<\/strong><\/em><\/a><\/p>\n

Since launching its first exchange-traded fund in August 2022, Strive Asset Management has grown to manage over $2 billion in assets.<\/p>\n

Strive shares (ASST) gained 3.6% on Tuesday to end the day trading at $1.02, according<\/a> to Google Finance. Its stock has more than doubled since the beginning of the year.\u00a0<\/p>\n

Strive shares gain following the announcement. Source: Google News\u00a0<\/em><\/figcaption><\/figure>\n

Stive urges MSCI to include Bitcoin treasuries\u00a0<\/h2>\n

Earlier this month, Strive CEO Matt Cole urged<\/a> stock market index MSCI to \u201clet the market decide\u201d whether they want to include Bitcoin-holding companies in their passive investments.<\/p>\n

The move follows MSCI consultations with the investment community about whether to exclude Bitcoin and other digital asset treasury companies (DATs) that have a balance sheet with more than 50% crypto assets.\u00a0<\/p>\n

Magazine: <\/strong><\/em>XRP\u2019s \u2018now or never\u2019 moment, Kalshi taps Solana: Hodler\u2019s Digest<\/strong><\/em><\/a><\/p>\n