Strive, Inc., the asset manager backed by Vivek Ramaswamy, has added another $30 million in Bitcoin to its holdings. The firm acquired 381.61 BTC between May 13 and 18, according to a recent filing.
The purchase marks an escalation in Strive's strategy to accumulate the cryptocurrency. This latest buy brings the firm's total Bitcoin holdings to an undisclosed sum, underscoring its long-term bet on digital assets.
The company spent roughly $30 million at current prices, reflecting a continued appetite for exposure to the volatile asset class. No breakdown of the average purchase price was provided.
The move may signal growing institutional confidence in Bitcoin as a store of value, though such concentrated bets carry significant risk. Strive has not commented on future plans.
Critics question whether Bitcoin's price volatility justifies such large allocations, especially as regulatory uncertainty persists in the crypto space.