Strive’s $162M Bitcoin Buy Lifts Holdings to 7,525 BTC
Strive, backed by entrepreneur Vivek Ramaswamy, executed a major Bitcoin buy, acquiring 1,567 BTC for $162 million at an average price of $103,315 each. This Bitcoin buy lifts its total holdings to 7,525 BTC, placing Strive among the top 15 global corporate holders.
The purchase was funded through an oversubscribed Nasdaq listing of SATA preferred shares. This non-dilutive, perpetual preferred equity model—dubbed the “Bitcoin amplification toggle”—offers a 12% variable monthly dividend classified as a return of capital, potentially providing tax efficiencies.
Strive also appointed a new chief investment officer to oversee its Bitcoin treasury strategy and approved governance changes to expand board oversight. Vivek Ramaswamy increased his equity stake, underlining leadership alignment with the company’s Bitcoin accumulation plan. This move underscores growing institutional adoption and introduces an innovative financing model for building crypto exposure.
Bullish
Strive’s $162 million Bitcoin buy demonstrates growing institutional demand and directly reduces available supply, creating positive price pressure. Funding the purchase through a non‐dilutive preferred equity model signals new capital‐raising avenues for crypto accumulation, likely attracting further investment. In the short term, traders may respond with bullish momentum as corporate accumulation validates market confidence. Over the long term, recurring SATA offerings could sustain buy‐side demand, reinforcing Bitcoin’s role as a reserve asset and supporting steady price appreciation, making this development a bullish indicator for BTC.