Vivek Ramaswamy’s Strive Enters Bitcoin Elite With $162M Purchase
Strive, the Bitcoin-focused asset manager founded by Vivek Ramaswamy, has made a bold leap into the ranks of top global Bitcoin holders.
The company revealed it acquired $162 million worth of BTC shortly after its Nasdaq-listed SATA preferred stock drew heavy investor demand.
A Major Step in Corporate Bitcoin Adoption
According to the firm’s announcement, Strive added 1,567 BTC at an average price of around $103,000, lifting its total holdings to 7,525 BTC. This milestone pushes Strive past Galaxy Digital and just below GD Culture Group in the global Bitcoin treasury rankings, based on data from BitcoinTreasuries.net.
The purchase follows the successful debut of Strive’s SATA shares on Nasdaq, which were oversubscribed during their public offering. The capital raised from the IPO has fueled the firm’s rapid expansion, marking one of the fastest ascents in corporate Bitcoin finance this year.
Strive updates:
1. SATA listed on Nasdaq following oversubscribed & upsized IPO.
2. Strive acquired 1,567 BTC for ~$162M at ~$103,315 per Bitcoin. As of 11/10/25, we hodl 7,525 Bitcoin.
3. New $ASST & $SATA investor presentation released.
4. $SATA dividends expected to be ROC…
— Strive (@strive) November 10, 2025
A New Financing Model for Bitcoin Treasuries
Strive’s leadership described the IPO as a “defining moment” for Bitcoin-backed corporate strategy. The firm used proceeds from the SATA offering to build its treasury without issuing new common stock—a model it calls the “Bitcoin amplification toggle.”
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This structure enables Strive to expand Bitcoin exposure through perpetual preferred equity, allowing long-term accumulation without diluting shareholders. CEO Matt Cole said the approach sets a new benchmark for efficiency in Bitcoin-based corporate finance.
Yield Strategy Anchored to Bitcoin
SATA shares come with a 12% variable dividend categorized as Return of Capital (ROC), which could provide tax advantages to investors. The company plans to adjust payouts to keep SATA trading between $95 and $105, maintaining a disciplined yield strategy linked to Bitcoin’s performance.
Chief Investment Officer Ben Werkman called the product a “hybrid between fixed income and Bitcoin liquidity,” while Chief Risk Officer Jeff Walton highlighted BTC’s transparency and deep markets as ideal for managing yield-focused instruments.
Strive’s Position in the Growing Institutional Race
Strive’s aggressive treasury expansion mirrors a broader institutional embrace of Bitcoin. Firms like Tesla, Trump Media, and CleanSpark have increased their holdings, while Wall Street giants such as JPMorgan recently invested hundreds of millions into BlackRock’s Bitcoin ETF.
Having gone public just two months ago, Strive’s move into the top 15 global Bitcoin holders underscores both its momentum and the accelerating pace of corporate adoption in the crypto space.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
