Strive, a Bitcoin treasury and management firm founded by Vivek Ramaswamy, has purchased 1,567 BTC for $162 million at an average price of $103,315 per coin.
The latest acquisition takes the company’s Bitcoin holdings to 7,525 BTC, putting it among the top 15 global corporate Bitcoin holders.
Strive Announces 1,567 BTC Buy
Vivek Ramaswamy’s Strive has announced the purchase of 1,567 BTC worth $162 million, at an average cost of $103,315 per coin. The purchase boosts Strive’s holdings to 7,525 BTC, allowing it to leapfrog Galaxy Digital and become one of the top 15 global corporate Bitcoin holders. The purchase comes after the firm’s oversubscribed listing of its SATA preferred stock on Nasdaq. The latest acquisition is in line with Strive’s strategy to build cryptocurrency holdings using proceeds generated from preferred stock offerings. The firm has also appointed a new Chief Investment Officer with expertise in Bitcoin treasuries to strengthen its focus on cryptocurrency integration.
Further Bitcoin Accumulation
According to the company’s official announcement, SATA proceeds will be used to finance future BTC acquisition through a non-dilutive model. Strive called the model a “Bitcoin amplification toggle.” The model allows Strive to build Bitcoin exposure via perpetual preferred equity while preserving shareholder value in its ASST common stock. Strive CEO Matt Cole called the IPO a defining moment, adding that the company is the first Bitcoin treasury to finance BTC accumulation entirely through perpetual preferred equity. Cole stated,
Other corporate treasures have also employed similar strategies to fund Bitcoin acquisitions, with Michael Saylor’s strategy being the most recent example.
The SATA stock’s structure offers a 12% variable monthly dividend with returns classified as Return of Capital (ROC). This provides potential after-tax benefits to investors. Strive added that it will manage dividends to keep the SATA shares trading between $95 and $105.
Leading Corporate BTC Holder
Strive Chief Investment Officer Ben Werkman describes SATA as a hybrid between traditional fixed income design and modern Bitcoin capital efficiency. Chief Risk Officer Jeff Walton added that BTC’s liquidity and transparency make it ideal for a risk-conscious yield instrument. The acquisition puts Strive alongside other institutional investors, including CleanSpark, Trump Media and Technology Group, and Tesla, all of whom have increased their BTC exposure in recent months.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2025/11/vivek-ramaswamys-strive-announces-162m-bitcoin-buy
