Vivek Ramaswamy-backed Strive has added 1,567 BTC worth $162mn to its balance sheet at an average purchase price of $103,315, expanding its total holdings to 7,525 BTC as the company pushes ahead with a deliberate “buy the dip” accumulation strategy.
Ramaswamy’s Strive Buys $162mn of Bitcoin in Treasury Expansion
11 November 2025 - 10:57 CET
By Matt Neill
Treasury strategy financed through public markets
The purchases were funded via an upsized Nasdaq preferred share listing, ticker SATA, a perpetual variable-rate instrument offering a 12% monthly return-of-capital distribution. According to company filings, proceeds from the preferred shares are channelled directly into new Bitcoin acquisitions, giving investors a hybrid product that blends income-style payouts with exposure to BTC’s long-term upside.
Strive increased the raise to $160mn amid what it described as “strong institutional demand,” allowing it to expand its corporate reserve without issuing new common stock. The firm’s total Bitcoin holdings are now valued at roughly $790mn, placing it among the largest public corporate treasuries globally and, by some counts, ahead of Galaxy Digital’s reported stash.
The company also emphasised its status as a Well-Known Seasoned Issuer, a designation that allows Strive to access shelf capacity rapidly for future treasury rounds, effectively turning Bitcoin accumulation into an ongoing capital markets programme.
Ramoswamy’s influence and strategic positioning
Ramaswamy, who gained prominence as the founder of Strive Asset Management and later as a 2024 US presidential candidate, has leveraged his network of investors and Wall Street contacts to build an unusually nimble treasury operation. Strive’s structure mirrors the corporate reserve models pioneered by MicroStrategy and Marathon but adds a twist: yield-bearing preferred equity that funds BTC accumulation while maintaining shareholder discipline.
The approach appeals to institutions seeking regulated exposure to Bitcoin through conventional securities. It also underscores a growing shift among corporates treating BTC as a strategic reserve asset, a trend reinforced by recent incremental buys from other treasury leaders.
The purchase comes as Bitcoin swings between $100k and $106k, with volatility shaking leveraged positions. By deploying fresh capital during a market reset, Strive is signalling conviction in Bitcoin’s long-term role as a balance-sheet reserve and using listed instruments to scale its holdings without dilution.
