Strive Buys $109 Million in Bitcoin, Boosting Holdings Toward $1 Billion

Strive Buys Bitcoin — Asset manager Strive, founded by Vivek Ramaswamy, has purchased an additional $109 million worth of Bitcoin, bringing its total holdings in the cryptocurrency closer to the $1 billion mark.

The firm acquired 1,375 BTC last week, marking its third consecutive week of growth exceeding 5% for its Bitcoin-denominated preferred stock. This strategic accumulation is part of Strive’s ongoing commitment to building a significant Bitcoin treasury. The move reflects a continued trend of institutional investment into the leading cryptocurrency as a core reserve asset.

Strive’s Bitcoin-focused financial instrument, which allows investors to gain exposure to the firm’s BTC holdings, has seen its value steadily climb with these purchases. The company has been methodically adding to its Bitcoin position, signaling strong conviction in the asset’s long-term value proposition amidst evolving market conditions.

This latest acquisition underscores the growing integration of Bitcoin into traditional finance structures, with asset managers creating novel vehicles for institutional and accredited investor participation. The purchase was executed as Bitcoin traded near the $78,800 level.