Strive has announced a $750 million private investment, with funds earmarked for Bitcoin purchases and the deployment of its alpha-generating strategies.
Strive Asset Management and Asset Entities said in an announcement that the $750 million private investment in public equity round will increase to $1.5 billion amid the execution of warrants.
The company, founded by Vivek Ramaswamy, plans to use the proceeds of this offering to fund its wave of Bitcoin (BTC) purchases.
In an update on May 27, 2025, Strive noted that the PIPE round will be priced at $1.35 per share, representing a 121% premium over the company’s pre-announcement closing price.
According to details of the raise, the transaction involves no debt financing, a structure Strive says will preserve maximum leverage capacity for future strategic initiatives.
The closing of the PIPE round and subsequent BTC allocation will position Strive as the first Bitcoin treasury company focused on capturing long-term Bitcoin outperformance through alpha-generating strategies.
While the company also intends to implement beta strategies commonly deployed by incumbent BTC treasury firms, its primary focus will be alpha generation. Strive’s approach includes acquiring undervalued biotech companies, purchasing distressed Bitcoin claims, and scooping up discounted structured BTC credit.
One of these strategies has already seen Strive target Mt. Gox claims BTC, with the firm revealing plans to get $7.9 billion of the defunct crypto exchange’s Bitcoin claims. The company said it was eyeing the stash in partnership with 117 Partners LLC.
The Strive announcement comes on the same day as Trump Media and Technology Group’s press release about the raising of $2.5 billion to buy Bitcoin.
Reports that Trump Media was looking to raise funds to add BTC to its balance sheet emerged Monday, with the company confirming this a day later.
Strive chief executive officer Matt Cole is set to expound further on his company’s BTC alpha strategies at the Bitcoin Conference in Las Vegas.
