Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, has filed with the SEC to raise up to $500 million through a stock issuance program. The company, which is publicly traded and positions itself as a Bitcoin treasury firm, plans to use a portion of the capital for additional Bitcoin accumulation and related investments.
The announcement comes amid a broader market trend of shrinking Bitcoin liquid supply on exchanges and rising institutional demand. Strive already holds a significant treasury of 7,525 Bitcoin (BTC), valued at approximately $694 million, placing it among the top 15 corporate holders globally. The firm's strategy is explicitly focused on increasing Bitcoin per share over time, treating the cryptocurrency as a core strategic reserve asset rather than a speculative bet.
The capital will be raised via a Shelf At-The-Market (ATM) program, which provides Strive with flexible access to funds over time rather than a single, large issuance. According to the SEC filing, potential uses for the proceeds include Bitcoin purchases, working capital for growth, acquisitions of income-producing assets, debt reduction, and share buybacks.
The market reacted positively to the news, with Strive's stock (ASST) rising approximately 3.6% following the announcement. This move is seen as reinforcing the growing trend of corporations integrating Bitcoin into their long-term treasury strategies, a narrative further bolstered by political support from figures like former President Donald Trump.
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