Vivek Ramaswamy’s Strive to raise $500M to buy Bitcoin
PositiveCryptocurrency

- Strive, co-founded by Vivek Ramaswamy, has launched a $500 million preferred stock offering aimed at acquiring more Bitcoin and Bitcoin-related products, reflecting a strategic move to enhance its cryptocurrency portfolio. This initiative is part of a broader trend among investment firms to increase their holdings in digital assets.
- The capital raised through this stock offering is crucial for Strive as it seeks to expand its Bitcoin treasury, which currently stands at 7,525 BTC, and to address corporate funding needs amidst ongoing discussions regarding its exclusion from MSCI indices.
- This development highlights the growing institutional interest in Bitcoin, as evidenced by other firms making significant purchases, and raises questions about the future of Bitcoin in investment strategies, especially in light of regulatory challenges and market dynamics affecting its adoption.
— via World Pulse Now AI Editorial System







