Vivek Ramaswamy's Strive to raise $500M to buy Bitcoin
Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products.
Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases.
The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.”
It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which.
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