#What recent investment did Vivek Ramaswamy make in Strive Inc?
Vivek Ramaswamy recently acquired 15,625 shares of Strive Inc.'s Variable Rate Series A Perpetual Preferred Stock, priced at $80 per share. Strive Asset Management, a company that Ramaswamy co-founded, emphasizes a commitment to maximizing shareholder value while offering an 'anti-woke' stance in its business strategy.
On Monday, Strive Asset Management announced the successful closure of its oversubscribed initial public offering. The IPO raised the share quantity from 1.25 million to 2 million in response to significant market demand. This move highlights the growing interest among investors in Strive’s offerings.
In addition to his recent investment, Ramaswamy holds 113.9 million Class B shares of Strive and an additional 28.4 million shares through the Ramaswamy 2021 Irrevocable Trust. This level of investment indicates a strong personal alignment with the company’s long-term strategy.
#How will Strive Inc. use the proceeds from its IPO?
The proceeds from the IPO are set to be utilized for various corporate purposes, including a strategic move to enhance the company’s Bitcoin holdings through perpetual preferred equity. This approach is designed to increase the overall value for shareholders of ASST common equity.
#Who else supports Strive Asset Management?
Strive Asset Management is not only Ramaswamy's venture but is also backed by notable entrepreneurs like Peter Thiel, JD Vance, and Bill Ackman. In a further move towards expanding its portfolio, Strive is acquiring health-tech firm Semler Scientific in an all-stock deal. This acquisition is subject to standard closing conditions and aims to position Strive as a key player in the Bitcoin treasury landscape.
Investors should watch how these developments unfold, as the strategic decisions being made will likely influence both Strive's market position and its impact on shareholders over time.