Vivek Ramaswamy’s Strive Secures $750M To Kick Off Bitcoin Treasury Business

From Yahoo Finance: 2025-06-02 10:15:00

Strive Asset Management and Asset Entities launch their first capital raise for a Bitcoin treasury venture, aiming to differentiate with alpha-generating strategies. Asset Entities stock has surged over 1,000% since announcing a merger with Strive, propelling the new venture into the spotlight.

Strive secures $750 million through a private investment to fund initial Bitcoin purchases, with warrants potentially allowing for an additional $750 million in financing. If all warrants are exercised, the firm could have the fifth largest Bitcoin holdings among public companies, according to BitcoinTreasuries.com.

Strive plans to use alpha-generating strategies to acquire Bitcoin at a discount, including purchasing distressed Bitcoin claims and structured credit vehicles. The firm aims to outperform Bitcoin regardless of market fluctuations, leveraging its asset management expertise to maximize returns for shareholders.

Despite Asset Entities stock soaring over 1,000% post-merger announcement, the stock price fell 12% during regular trading hours. Bitcoin is currently trading near $108,000, up 13% in the past month but down 1.2% on the day. The rush on Bitcoin by corporations continues, with Strive Asset Management making its mark in the Bitcoin treasury space.

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