Strive’s $160M IPO Skyrockets—But It’s Vivek Ramaswamy’s Strategic Move That’s Sending Shockwaves Through the Market!
Ever wonder what happens when old-school investing meets the new-age crypto frenzy? Well, Strive just answered that question loud and clear with a $160 million oversubscribed IPO of their Variable Rate Series A Perpetual Preferred Stock, aka SATA Stock. Backed by Vivek Ramaswamy, who didn’t just watch from the sidelines but dove in to snag 15,625 of these preferred shares, Strive is doubling down on their Bitcoin game plan — talk about putting your money where your digital mouth is! This move isn’t just about raising capital; it’s a strategic leap to ramp up Bitcoin holdings and shake up the asset management world with a firm stance against the status quo. And with heavy hitters like Peter Thiel, JD Vance, and Bill Ackman backing them, Strive isn’t playing small — they’re about to turbocharge their presence by acquiring Semler Scientific, setting the stage for a powerhouse Bitcoin treasury. Curious about how this saga unfolds? LEARN MORE.
Vivek Ramaswamy acquired 15,625 preferred shares of Strive.
Photo: Kevin Dietsch
Key Takeaways
- Vivek Ramaswamy purchased 15,625 shares of Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock at $80 per share.
- Strive Asset Management, co-founded by Ramaswamy, positions itself as ‘anti-woke’ and focuses on maximizing shareholder value.
Share this article
Strive, backed by Vivek Ramaswamy, announced Monday it had successfully closed its oversubscribed initial public offering (IPO) of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) on Nasdaq, raising the number of shares from 1.25 million to 2 million due to high demand.
Ramaswamy purchased 15,625 shares of Strive’s SATA Stock, according to a recent SEC filing. He also owns 113.9 million Class B shares and indirectly holds 28.4 million shares through the Ramaswamy 2021 Irrevocable Trust.
The offering is part of Strive’s strategy to amplify its Bitcoin holdings through perpetual preferred equity. The company plans to use the IPO proceeds for general corporate purposes and to potentially increase its Bitcoin holdings, thereby boosting value for ASST common equity shareholders.
Backed by prominent entrepreneurs like Peter Thiel, JD Vance, and Bill Ackman, Strive is acquiring health-tech firm Semler Scientific in an all-stock transaction. The deal, subject to customary closing conditions, is expected to establish a major Bitcoin treasury entity.
- Login
- Sign Up
San Marco Coffee Flavored Ground Coffee, Orange, 1 Pound
(as of November 10, 2025 03:51 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
CD Player Portable Bluetooth 5.1 Desktop CD Player with HiFi Sound Speakers,Remote Control,Dust Cover,LED Display,Boombox FM Radio,USB/AUX for Home,Kids (Black)
$25.49 (as of November 10, 2025 03:18 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Smartfood Popcorn, White Cheddar, 0.625 Ounce (Pack of 40)
$15.40 (as of November 10, 2025 03:48 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Hint Fruit-Infused Bottled Water, Best Sellers Variety Pack - Sugar Free Flavored Water with Zero Calories, Natural Fruit Essences, and No Artificial Sweeteners - 16 Fl Oz (Pack of 12)
$10.18 (as of November 10, 2025 03:48 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Post Comment