Strive raised $162 million through preferred stock financing to purchase Bitcoin, with total holdings exceeding 7,500 coins
According to foreign media reports, Strive Asset Management, founded by American biotechnology entrepreneur and former presidential candidate Vivek Ramaswamy, purchased 1,567 Bitcoins in batches between October 28 and November 9, 2025, with a total investment of approximately $162 million, and an average purchase cost of $103,315 per coin.
It is noteworthy that Strive raised funds for Bitcoin acquisition through the issuance of preferred stock called SATA. This method allows the company to quickly complete large asset allocations without public market trading.
After this round of acquisitions, Strive's total Bitcoin holdings will increase to approximately 7,525 coins, significantly surpassing some well-known competitors in the institutional Bitcoin holding rankings.
However, the market's reaction to Strive's acquisition has been cautious. Although the $162 million purchase scale is considerable, its impact remains relatively limited compared to the overall depth of the Bitcoin market.
Despite this move confirming that institutional acceptance of Bitcoin is increasing, the fluctuations in Bitcoin prices during its accumulation period also imply that the intraday volatility range may exceed its average purchase cost.
As of now, Strive has not made a detailed public statement regarding this acquisition. However, industry observers expect that the company will continue to leverage equity instruments to raise funds for subsequent Bitcoin acquisitions to meet ongoing investor demand.
Market participants will also continue to pay attention to the disclosure of subsequent increases in holdings, in order to better understand the transaction timing, holding prices, and any ongoing overall strategic layout.
