Strive Raises $86M to Fuel Bitcoin Treasury Growth

Strive, the company behind the bitcoin treasury founded by Vivek Ramaswamy, has raised $86 million in an equity round. This capital will be used to buy more bitcoin. The goal is ambitious: Strive aims to build a corporate treasury with as much of the asset as possible.

This move comes at a critical time for the company and its rival, Strategy, founded by Michael Saylor. Strategy is racing to secure fresh capital through preferred stock. By positioning itself for growth, Strive is gaining ground in the contest to hold the most bitcoin.

The equity round is notable, sitting in the top quarter of comparable deals by size. This signals that Strive's efforts are being taken seriously in the market.