The investment company Strive, co-founded by former U.S. presidential candidate Vivek Ramaswamy, has announced plans to issue stock worth up to $500 million. The funds raised are intended for general corporate purposes as well as for increasing the Bitcoin portfolio.
This is reported by Business • Media
Strive’s Bitcoin Asset Expansion Strategy
Strive has been operating in the market since 2022 and manages assets exceeding $2 billion. In May 2025, the company completed a merger with Asset Entities, which was part of its strategy to enter the stock market. Following this, Strive obtained the status of a Treasury Company (DAT), focusing on managing its Bitcoin portfolio. In the same month, the company also conducted a private placement of shares (PIPE) amounting to $750 million.
According to information from the official website, Strive currently controls a portfolio of 7,525 BTC, with a market value estimated at approximately $700 million. The average purchase price of one Bitcoin is $113,383, and the mNAV (Market Net Asset Value) stands at 1.29.
Stock Issuance and Financial Indicators
Strive announced the issuance of both common and preferred shares (SATA), which are not bonds. This decision will lead to the dilution of existing shareholders’ stakes, but it will help avoid increasing the company’s debt burden.
“The funds raised will be directed towards general corporate goals, portfolio replenishment, as well as acquisitions and business expansion.”
Following the announcement, the company’s shares showed a 3.6% increase in a single day. Over the past year, the stock has gained 43.2%, but its current value is slightly above $1, which is significantly lower than the local peaks recorded during the establishment of the treasury.
Earlier, analysts reported that the median decline in the prices of treasury company securities in the U.S. and Canada this year was 43%. Experts predict the beginning of a consolidation phase in the sector.
Strive is also actively engaged in mergers and acquisitions. In September 2025, the company entered into an agreement to acquire Semler Scientific Inc., another company involved in corporate-level Bitcoin storage.