Strive Asset Management Purchases $109 Million in Bitcoin, Expands Preferred Stock Toward $1 Billion

Strive Asset Management, the investment firm founded by entrepreneur Vivek Ramaswamy, announced a $109 million purchase of Bitcoin during the most recent week. The acquisition added 1,375 BTC to the firm’s portfolio, representing a third straight week of growth exceeding 5%.

Scale of the Purchase

The newly acquired Bitcoin was bought at an average price of approximately $78,500 per BTC, based on the current market level of $78,523.00. At that price, the 1,375 BTC purchase totals roughly $109 million.

Impact on Preferred Stock Offering

Strive’s continued accumulation of Bitcoin coincides with its ongoing effort to raise preferred stock capital. The firm is targeting a total preferred stock raise of $1 billion, positioning the Bitcoin purchase as part of a broader capital‑raising strategy.

Market Context

Bitcoin’s price at the time of reporting was $78,523.00, a slight decline of 0.83% from the previous day. Despite the modest price dip, Strive’s buying activity reflects confidence in Bitcoin’s long‑term value proposition.

Outlook

With three consecutive weeks of more than 5% growth in its Bitcoin holdings, Strive signals a bullish stance on the cryptocurrency. The firm’s preferred stock campaign aims to provide additional capital to support further investments and operational expansion.