Strive Eyes Bitcoin With $750 Million Ammo In Hand

bitcoinistPublished on 2025-05-29Last updated on 2025-05-29

Abstract

Strive Asset Management, led by entrepreneur Vivek Ramaswamy, has moved to build a big Bitcoin stockpile. They just lined up...

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Strive Asset Management, led by entrepreneur Vivek Ramaswamy, has moved to build a big Bitcoin stockpile. They just lined up $750 million in private backing. There’s a plan to raise up to $1.5 billion if warrants get exercised. It’s a bold step that puts them in the club of top treasury buyers.

Related Reading: Double Trouble: Crypto User Loses $2.5M By Copying Same Scam Address Twice

Big Fundraise And Future Plans

Based on reports, Strive’s $750 million comes from a group of VC firms that chose to stay unnamed. The money kicks off what the firm calls its “first wave of Bitcoin accumulation.” If all the warrants get pulled in, they’ll have nearly double that—$1.5 billion—to spend. That would make them one of the biggest corporate Bitcoin holders around.

Image: KXAN

Using Active Trading Moves

Instead of just buying and holding, Strive says they’ll mix in active trading. They’re talking about alpha-generating strategies, which could mean trading between spot and futures markets or taking advantage of price gaps. That adds more work and risk, but could boost returns. It’s not your usual buy-and-hold approach.

Facing High Stakes Competition

They aren’t alone. Strategy keeps buying hard. In its last push, Strategy snapped up 4,020 BTC for $427 million. That move bumped its total above 580,250 BTC. Meanwhile, a business linked to US President Donald Trump landed $2.5 billion to grow its own stash. Strive will have to move fast to keep pace with those giants.

BTCUSD trading at $108,844von the 24-hour chart: TradingView.com

Distressed Bitcoin Claims In View

Strive also sees a chance in legal messes tied to old bankruptcies. They’ve talked about more than 75,000 BTC stuck in claims from events like Mt. Gox. Buying those coins at a discount could pay off if the legal side clears up. But those processes can drag on for years.

A Push For Institutional Interest

Earlier this year, Strive pitched a merger with Asset Entities to launch a public firm focused on Bitcoin as a treasury asset. In February, CEO Matt Cole even urged GameStop to swap its $5 billion cash pile for Bitcoin, saying it would turn the video game retailer into a market leader. That move got people talking, though GameStop hasn’t made the switch.

Related Reading: Bank Of Korea Dives Into Crypto: Deposit Tokens Head To Public Chains

Featured image from WEXO, chart from TradingView

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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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