Strive, a company co-founded by Vivek Ramaswamy, has announced plans to issue common and preferred shares worth up to $500 million. The proceeds will be directed towards replenishing the Bitcoin portfolio, as well as achieving overall corporate objectives and further business development.
This is reported by Finway
Strive’s Strategy and Market Position
Founded in 2022, Strive currently manages assets exceeding $2 billion. In May 2025, the company announced a merger with Asset Entities as part of its strategy to enter the stock market, after which it officially changed its status to a treasury firm (DAT) focused on managing the Bitcoin portfolio. In the same month, Strive conducted a private placement of shares (PIPE), raising $750 million.
According to the company’s official website, Strive currently controls 7,525 BTC valued at approximately $700 million. The average purchase price of one Bitcoin is $113,383, and the market indicator mNAV (Market Net Asset Value) stands at 1.29.
“The funds raised will be directed towards general corporate goals, replenishing the portfolio, as well as acquisitions and business expansion.”
Stock Dynamics and Future Prospects
The announcement of the issuance of SATA shares (common and preferred), rather than bonds, will help avoid increasing debt burdens, although it will lead to dilution of existing shareholders’ stakes. Following the news of the share issuance, Strive’s stock price rose by 3.6% in one day. Over the year, the stock price has increased by 43.2%, but the current price is slightly above $1, which is significantly lower than the local highs recorded after the announcement of the treasury’s creation.
It is worth noting that, according to analytical reports, the median decline in the prices of DATs in the US and Canada in 2025 was 43%, indicating the beginning of a consolidation phase for small treasury companies in the market.
Strive is already taking steps in this direction: in September 2025, an agreement was reached to acquire Semler Scientific Inc., another corporate Bitcoin holder, which allows the company to expand its influence in the digital assets space.