In a bold move that has captivated the crypto community, Vivek Ramaswamy’s Strive Asset Management recently purchased 1,567 Bitcoin, valued at approximately $162 million. This purchase not only bolstered Strive’s holdings to about 7,525 BTC but also sent ripples across the market, indicating a growing trend of institutional involvement in digital currencies.
Strive’s Bold Bitcoin Acquisition
The acquisition took place over a brief period between October 28 and November 9, 2025, with the average price for the Bitcoin reported at around $103,315 each. This strategic investment has drawn significant attention, further solidifying Strive’s position in the institutional Bitcoin space.
According to various reports, Strive financed the acquisition through an innovative funding method linked to a preferred-stock offering. This not only provided the company with the necessary capital but also showcased an inventive approach to asset acquisition in the dynamic crypto landscape.
Strive’s Holdings Compared to Industry Peers
Strive’s impressive haul, now nearing 7,525 BTC, places it ahead of several competitors in terms of raw Bitcoin holdings. While it is essential to note that Bitcoin ownership is only public when disclosed by managers, the scale of Strive’s recent purchase undoubtedly merits attention. The implications of such an investment may signify a broader acceptance of Bitcoin among institutional players.
BREAKING: Strive Asset Management, backed by Vivek Ramaswamy, has acquired 1,567 BTC (≈ $162 M) between Oct 28 – Nov 9.
The STRIVE Total Holding now stands at 7,525 $BTC (≈ $784.5 M), A clear signal that institutional conviction in Bitcoin is accelerating. pic.twitter.com/IOf2CuaFUt
— Crypto Patel (@CryptoPatel) November 11, 2025
Novel Funding Structure for the Acquisition
Reports indicate that Strive utilized a preferred-stock vehicle known as SATA to secure funding for this substantial purchase. By offering preferred shares to investors seeking exposure to Bitcoin, Strive effectively raised capital that was then directed into acquiring the digital currency across multiple trading days. This financial framework is pivotal in understanding how the firm executed such a significant buy without making a substantial public market order.
Market Reactions and Future Implications
The market response to Strive’s acquisition was measured. Analysts acknowledged that while a $162 million purchase is considerable, it remains relatively modest in the context of the overall Bitcoin market depth. Nevertheless, some experts interpret this as a signal of increasing confidence among certain fund managers regarding incorporating Bitcoin into corporate balance sheets.
The price fluctuations during the acquisition period were mixed, impacting the average cost above and below intraday pricing variations. Observers highlighted the importance of public filings and timing in discerning the complete picture surrounding such acquisitions.
Future Directions for Strive
As of November 11, 2025, Strive has not articulated expansive details regarding this purchase. However, indications point towards a continued strategy that involves utilizing equity instruments to facilitate further Bitcoin acquisitions, contingent upon ongoing investor demand.
Vivek Ramaswamy: From Politics to Bitcoin
Vivek Ramaswamy, an American biotech entrepreneur, has recently gained further notoriety through his pursuit of the Republican nomination in the 2024 U.S. presidential race. Having suspended his campaign after finishing fourth in the Iowa caucuses on January 15, 2024, he now channels his focus into innovative financial strategies within the cryptocurrency realm.
Featured image from Gemini, chart from TradingView
