Vivek Ramaswamy-Backed Strive’s Bitcoin Holdings Cross $1 Billion After Latest Buying Spree

Vivek Ramaswamy-backed Strive (ASST) moved higher in early-morning trade amid weakness in the cryptocurrency market, after the company announced that its total Bitcoin holdings had crossed 14,000.

In a filing with the Securities and Exchange Commission (SEC), the company said it had acquired 789 BTC for around $61 million at an average cost of $77,890 per Bitcoin. The company now holds a total of 14,557 BTC on its balance sheet, worth around $1.1 billion. 

The filing also showed that the company held $90.5 million of cash and cash equivalents, and $50.3 million in the Variable Rate Series A Perpetual “Stretch” Preferred Stock of Strategy (MSTR).

ASST’s stock edged 0.5% higher in pre-market trade. Retail sentiment around the company trended in ‘bullish’ territory over the past day, accompanied by ‘high’ levels of chatter.

Bitcoin’s price edged 0.3% lower in the last 24 hours to around $77,800. Retail sentiment around the apex cryptocurrency also trended in ‘bullish’ territory over the past day, but chatter remained at ‘normal’ levels. 

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Read also: Michael Saylor’s Latest Bitcoin Buy Is 10x Smaller After $2.5B Spending Spree

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