Strive Asset Management’s $750M Haul—Will Bitcoin Get a Seat at the Table?

Another day, another fund manager swimming in fresh capital. Strive Asset Management just locked down $750 million—but here’s the real question: Are they brave enough to touch crypto?

Wall Street’s latest cash grab

While traditional finance keeps playing it safe, Bitcoin’s sitting at the table waiting for an invite. Strive’s war chest could buy a decent chunk of BTC—if they’ve got the stomach for volatility.

The elephant in the boardroom

No mention of digital assets in their press release? Classic. Maybe they’re too busy calculating management fees to notice the trillion-dollar opportunity staring them in the face.

TLDR

• Strive Asset Management has raised $750 million through a private investment round to begin accumulating Bitcoin.
• The company plans to raise an additional $1.5 billion through warrant exercises in the coming phases.
• Strive will use alpha-generating strategies rather than simply holding Bitcoin in its treasury.
• The firm identified a market opportunity involving over 75,000 Bitcoin through distressed claim acquisitions.
• Strive has proposed a merger with Asset Entities to form a publicly traded Bitcoin-focused asset management company.

Strive Asset Management has officially initiated its Bitcoin acquisition strategy by raising $750 million through a private investment round. This capital will drive its initial Bitcoin accumulation, setting the foundation for a broader treasury strategy. Strive plans to adopt alpha-generating methods instead of passively holding the asset.

The company received funding from a group of undisclosed venture capital firms. Strive confirmed that this marks only the beginning of its treasury plans. It also prepares for a second phase of capital injection through warrant exercises.

Strive aims to raise an additional $1.5 billion following the completion of its warrant offer. This move positions Strive as a potential leader in bitcoin treasury operations. The firm has laid out a structured plan to scale its holdings rapidly.

Strive Prepares for First Phase of Bitcoin Accumulation

Strive will use the new capital to buy Bitcoin while applying active management strategies for better risk-adjusted returns. The company intends to explore avenues beyond spot market buying, targeting high-value distressed claims. It previously identified a large pool of potential acquisitions, including 75,000 BTC from Mt. Gox related claims.

Strive Asset Management and Asset Entities (Nasdaq: ASST) announce $750M private investment to fund first wave of Bitcoin accumulation.

The transaction will raise up to $1.5 billion in total proceeds upon exercise of warrants, which WOULD make Strive Asset Management one of the…

— Strive (@StriveFunds) May 27, 2025

Strive will not rely solely on market purchases but will seek undervalued and mispriced opportunities in the Bitcoin ecosystem. The firm believes this approach can outperform standard accumulation strategies, likely distinguishing Strive from other corporate buyers in the same space.

By focusing on alpha generation, Strive intends to manage its Bitcoin holdings like a hedge fund rather than a corporate treasury. The firm is attempting to optimize returns while reducing exposure to market volatility, a major shift from the passive approach taken by other Bitcoin treasury firms.

Strive Joins Forces with Asset Entities to Expand Reach

Strive recently announced a strategic merger with Asset Entities to FORM a publicly traded Bitcoin-focused asset management firm. This merger allows Strive to gain public market exposure and attract broader institutional capital. It also supports the firm’s plan to become the first public asset manager centered on Bitcoin reserves.

Through this partnership, Strive can scale its operations and access new investor pools. This strengthens its ability to compete with well-established players in the treasury space and reinforces Strive’s commitment to execution of long-term Bitcoin strategy.

Strive’s collaboration aims to integrate traditional asset management practices with crypto-native strategies. This hybrid model will target both legacy investors and digital asset stakeholders, giving the combined entity a distinct position in the evolving digital asset management landscape.

Strive Faces Competition as Bitcoin Treasury Race Heats Up

Strive will face stiff competition from Strategy, which has accumulated over 580,000 BTC through regular and aggressive purchases. Strategy recently bought 4,020 BTC for $427 million, maintaining its dominant lead in corporate Bitcoin holdings. To stay competitive, Strive must differentiate with its alpha-driven approach.

In addition, other firms like Metaplanet and The Blockchain Group are actively increasing their Bitcoin reserves. TRUMP Media has also entered the race, securing $2.5 billion to support Bitcoin investments. The institutional battle for Bitcoin dominance continues to intensify.

Still, Strive remains focused on its execution plan and sees opportunities in the current market structure. With a clear strategy and significant capital, the firm aims to establish itself as a top-tier Bitcoin treasury company.