Vivek Ramaswamy’s Strive Asset Management bought 1,567 Bitcoin in a recent purchase worth about $162 million, according to multiple reports. The buy came over a short window and lifted the firm’s holdings to roughly 7,525 BTC, a move that drew attention across the crypto market.
Strive’s Big Bitcoin Purchase
The purchases happened between October 28 and November 9, 2025. The average price paid for those coins was reported at about $103,315 each.
Based on reports, Strive used a fresh funding method tied to a preferred-stock offering to bankroll the acquisition. Market watchers noticed the company’s total stash rose into the 7k-Bitcoin range after this round of buying.
A Comparison With Peers
Those holdings put Strive ahead of some rival managers in raw Bitcoin terms. Some outlets compared the haul to the reserves held by large institutional players, noting that Strive’s total climbed to near 7,525 BTC. That gap is not fixed. Bitcoin holdings are public only when managers disclose them, and prices keep moving. Still, the size of this purchase was large enough to be reported widely.
BREAKING: Strive Asset Management, backed by Vivek Ramaswamy, has acquired 1,567 BTC (≈ $162 M) between Oct 28 – Nov 9.
The STRIVE Total Holding now stands at 7,525 $BTC (≈ $784.5 M), A clear signal that institutional conviction in Bitcoin is accelerating. pic.twitter.com/IOf2CuaFUt
— Crypto Patel (@CryptoPatel) November 11, 2025
How The Buy Was Funded
Reports have disclosed that Strive tapped a preferred-stock vehicle called SATA to gather money for the purchases. The structure was described as a way to raise capital and direct proceeds into Bitcoin purchases.
The preferred shares were offered to investors who wanted exposure to the strategy, and then funds were used to acquire the coins over several trading days. This financing route was highlighted in several writeups as central to how the firm completed a multi-million dollar buy without a single public market order.
BTCUSD trading at $104,493 on the 24-hour chart: TradingView
Market Reaction And Implications
The market reaction was measured. Some analysts pointed out that a $162 million buy is sizable but still small relative to total Bitcoin market depth. Others noted it signals growing comfort among certain fund managers in putting corporate balance sheet money into Bitcoin.
Price moves were mixed during the purchase window, which meant the average cost came in above and below intraday swings. A few commentary pieces also flagged that public filings and precise timing matter when trying to pin down the full picture.
Next Steps For Strive
As of November 11, 2025, Strive’s public statements on this specific purchase were limited in the sources reviewed. Based on reports, the firm’s strategy appears to include using equity instruments to fund further buys if investor demand continues.
Industry observers said they will watch regulatory filings and later disclosures for a clearer record of timing, price, and any ongoing plans.
Presidential Ambition
Vivek Ramaswamy, an American biotech entrepreneur, gained national attention during his run for the Republican nomination in the 2024 US presidential race.
He suspended his campaign on January 15, 2024 after finishing fourth in the Iowa caucuses.
Featured image from Gemini, chart from TradingView
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