Strive buys $109M in Bitcoin, pushes preferred stock toward $1B

Strive Asset Management, the firm founded by Vivek Ramaswamy, acquired approximately $109 million in Bitcoin last week by purchasing 1,375 BTC. This marks the third consecutive week the asset manager has posted gains exceeding 5%, signaling sustained momentum in its Bitcoin accumulation strategy. The purchases appear tied to Strive's broader capital raise via preferred stock, which is approaching $1 billion in total funding.

The moves underscore institutional appetite for structured Bitcoin exposure and suggest asset managers are using novel funding mechanisms to build crypto positions. Strive's pattern of consistent weekly accumulation reflects both confidence in Bitcoin's direction and the growing acceptance of cryptocurrencies as a core holding within traditional asset management frameworks.

• Strive acquired 1,375 BTC last week as part of an ongoing accumulation campaign showing three weeks of 5%+ growth.
• The Bitcoin purchases align with the firm's preferred stock fundraising round, which is nearing a $1 billion milestone.
• The activity demonstrates how institutional players are embedding crypto holdings into structured investment vehicles, potentially reshaping market participation patterns.