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JUST IN: Strive (NASDAQ: ASST) just bought 1,109 Bitcoin for ~$85M
The Bitcoin treasury firm founded by Vivek Ramaswamy added 1,109 BTC at an average of ~$76,989 per coin over four days ending May 22.
That pushes total holdings from 15,391 to 16,500 BTC.
Here is the part that matters: Strive is now the seventh largest public corporate Bitcoin holder on earth.
It funded this the same way it always does. Preferred stock and equity raises converted straight into Bitcoin, while still sitting on $93M in cash.
This is the playbook now. Treat Bitcoin as the hurdle rate, raise capital, stack, repeat.
The treasury arms race is compounding.
Bullish or a bubble? Where do you land?