LATEST: Ramaswamy’s Strive Acquires 2,500 Bitcoin in Major Treasury Move

Strive, a public company (NASDAQ: ASST), has acquired an additional 2,500 Bitcoin. The purchase totaled approximately $185.2 million at an average price of $74,092 per Bitcoin between May 23 and June 1, 2026. This brings the company’s total Bitcoin holdings to exactly 19,000 BTC.

The acquisition was funded primarily through Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA). The company issued new SATA shares raising about $175.41 million, covering roughly 95% of the cost, with the remainder from Class A common stock sales. This marks another step in Strive’s strategy as a Bitcoin treasury-focused asset management firm.

The move was disclosed in an SEC 8-K filing and announced publicly. It positions Strive among the notable public companies holding significant Bitcoin reserves. The purchase occurred amid fluctuating Bitcoin prices during that week.

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