Strive Snaps Up $94 Million Worth of Bitcoin for Its Treasury

Strive, an asset management firm co-founded by Vivek Ramaswamy, has purchased 1,107 Bitcoin for approximately $94 million. The purchase price averages out to around $84,913 per coin, with Bitcoin currently trading at $83,399.

This acquisition marks a significant capital commitment for Strive and signals institutional confidence in Bitcoin as a reserve asset, even with the price sitting nearly 20% below its all-time high.

Strive has positioned itself as an explicitly pro-capitalism asset manager, and this move places it among a growing cohort of corporate treasuries allocating directly to Bitcoin. Other notable examples include Strategy (formerly MicroStrategy) and Metaplanet.