Key takeaways
- Strive, backed by Vivek Ramaswamy, bought 1,567 Bitcoin for $162 million.
- The move is part of Strive’s strategy to expand its cryptocurrency holdings with proceeds from the sale of preferred stock.
Strive, a Bitcoin finance company backed by biotech entrepreneur Vivek Ramaswamy, bought 1,567 Bitcoins worth $162 million between October 28 and November 9, the company announced Monday.
The acquisition is in line with Strive’s strategy of building cryptocurrency holdings with proceeds from preferred stock offerings. The company has appointed a new Chief Investment Officer with expertise in Bitcoin treasury advisory to strengthen its focus on cryptocurrency integration.
Pursue approved governance changes to remove limits on its board size, allowing for more flexible oversight of its Bitcoin finance initiatives. Ramaswamy recently acquired additional shares in the company as it expands its leadership to support cryptocurrency strategies.
The purchase reflects a growing corporate adoption of Bitcoin as a financial reserve asset, with Strive positioning itself as a dedicated Bitcoin treasury vehicle in the evolving digital asset landscape.
