Vivek Ramaswamy’s Strive Launches $500M Preferred Stock Sale to Fuel Bitcoin and Crypto Acquisitions

• Why Is Strive Raising $500M in Preferred Stock?
• How Big Is Strive’s Bitcoin Treasury Now?
• Is Strive Copying MicroStrategy’s Bitcoin Strategy?
• What’s Next for Strive’s Crypto Gambit?
• FAQs: Strive’s Bitcoin Stock Play

Strive Asset Management, co-founded by entrepreneur and former presidential candidate Vivek Ramaswamy, is making waves in the crypto space with a bold $500 million preferred stock offering. The proceeds will turbocharge its bitcoin treasury, already holding 7,525 BTC, and fund strategic corporate moves. Here’s the inside scoop on how Strive is mirroring Michael Saylor’s playbook—and why it matters.

Why Is Strive Raising $500M in Preferred Stock?

Strive Asset Management isn’t just dipping its toes into crypto—it’s diving headfirst. On December 9, 2025, the firm filed with U.S. regulators to sell up to $500 million in Series A Variable Rate Perpetual Preferred Stock (ticker: SATA). The goal? To bulk up its Bitcoin reserves and fuel broader corporate ambitions. According to the filing, the net proceeds will go toward:

• Buying more Bitcoin (because, obviously).
• Working capital and income-generating assets.
• Stock buybacks and debt repayment.
• Potential acquisitions of complementary businesses or tech.

What’s clever here is the "at-the-market" (ATM) structure, letting Strive sell shares gradually rather than in one lump sum. This gives Ramaswamy’s team flexibility to adapt to market conditions—smart MOVE in crypto’s volatile climate.

How Big Is Strive’s Bitcoin Treasury Now?

As of early November 2025, Strive holds 7,525 BTC, worth roughly $777 million at today’s prices. That’s enough to rank among the top 20 corporate Bitcoin treasuries globally. But how did they get here?

The journey started in May 2025 when Strive announced a reverse merger with a Nasdaq-listed shell company, paving the way for public funding of its BTC buys. By September, it completed a full stock merger with Semler Scientific, adding 5,816 BTC to its coffers at an average price of $116,047 per coin. Then, in a separate October-November spree, it scooped up another 1,567 BTC at $103,315 apiece.

Fun fact: If you’re keeping score, that’s a blended average of ~$110K per Bitcoin—not bad considering today’s prices.

Is Strive Copying MicroStrategy’s Bitcoin Strategy?

Short answer: Absolutely. Long answer: It’s more like taking Saylor’s blueprint and adding Ramaswamy’s spin. Like MicroStrategy, Strive is using equity offerings, balance sheet restructuring, and strategic acquisitions to amplify its Bitcoin-per-share ratio. But there’s a twist—Strive also manages $2B+ in traditional assets via ETFs, giving it a hybrid appeal.

Key differences:

One insider joke in crypto circles: "Saylor writes the homework, Vivek copies it—but adds footnotes."

What’s Next for Strive’s Crypto Gambit?

Rumors suggest Strive might target Mt. Gox-related Bitcoin claims (75,000 BTC up for grabs). But for now, the focus is executing this $500M raise. If successful, it could:

• Double its BTC holdings by mid-2026.
• Position itself as a "Bitcoin conglomerate" via acquisitions.
• Pressure other asset managers to follow suit.

As one BTCC analyst quipped: "When Saylor zigged, Ramaswamy zagged—but they’re both racing to the same moon."

FAQs: Strive’s Bitcoin Stock Play

How does Strive’s preferred stock work?

The Series A preferred shares (SATA) pay variable dividends and trade separately from common stock. They’re perpetual, meaning no maturity date.

Why use an ATM offering instead of a traditional raise?

ATMs let companies drip-feed shares into the market to avoid price crashes—crucial when dealing with volatile assets like Bitcoin.

Is Strive’s BTC stash audited?

Yes, holdings are verified via on-chain data and quarterly filings. Their wallet addresses are public.

Could this strategy backfire?

Potentially. If BTC prices drop, dilution from stock sales could hurt shareholders. Always DYOR.