Vivek Ramaswamy’s Strive Now Holds Over $1B In Bitcoin – ASST Stock Still Takes A Hit

• Strive spent approximately $30 million on the latest purchase at an average price of $79,348 per Bitcoin.
• The company built its Bitcoin treasury to over $1 billion in less than a year following its merger with Asset Entities and subsequent acquisition of Semler Scientific.
• It also announced last week plans to begin daily cash dividend payments for SATA starting June 16 while maintaining a 13% annual payout rate.

Shares of Vivek Ramaswamy-backed Strive (ASST) dipped in morning trade despite the company announcing it had added 382 Bitcoin (BTC) to its balance sheet over the past week, bringing the value of its overall Bitcoin holdings to over $1 billion. 

In a filing with the Securities and Exchange Commission (SEC), the firm said it spent $30 million to acquire its latest haul of Bitcoin, at an average price of $79,348 per BTC. The company’s treasury now holds 15,391 BTC, worth around $1.1 billion. Ramaswamy, known for being an American entrepreneur, author, and running for President in 2024, is the co-founder and executive chairman of Strive.

ASST’s stock fell over 3% in morning trade amid broader weakness in the equity market. Retail sentiment around the company trended in ‘bullish’ territory, amid ‘high’ levels of chatter over the past day. 

Meanwhile, Bitcoin (BTC) was struggling to climb back over $77,000. Bitcoin's price edged 0.1% lower in the last 24 hours to around $76,200. Retail sentiment around the apex cryptocurrency trended in ‘bearish’ territory, accompanied by ‘normal’ levels of chatter.

Strive Builds $1 Billion Bitcoin Treasury In Under A Year

Strive did not hold any Bitcoin before September 2025, when it completed its merger with Asset Entities and formally launched its Bitcoin accumulation strategy.

The company later acquired Semler Scientific in an all-stock transaction that added roughly 5,048 Bitcoin to its balance sheet. Since then, the company has continued buying Bitcoin in the open market, expanding its treasury.

Before the latest purchase, Strive held 15,009 BTC as of May 12. The additional 382 Bitcoin pushed total holdings to 15,391 BTC.

Alongside its Bitcoin treasury, the company also disclosed holdings of $87.3 million in cash and cash equivalents, as well as nearly $50 million in Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) by Strategy (MSTR).

How Is Retail Feeling About ASST Stock?

Retail commentary on Stocktwits around the stock reflected mixed reactions to Strive’s continued Bitcoin accumulation.

Some traders questioned whether repeatedly issuing securities to buy more Bitcoin creates long-term shareholder value, while others remained optimistic about the company’s long-term Bitcoin strategy and continued accumulation.

The company announced last week that it would be paying out daily dividends on its  Variable Rate Series A Perpetual Preferred Stock  (SATA). The company said the new payment will go into effect on June 16, maintaining a 13% annual payout rate. The shift increases the payment frequency from 12 annual distributions to roughly 250.

ASST's stock has gained 2.5% this year, while Bitcoin's price has dropped more than 12%. 

Read also: SpaceX, Palantir, Bitcoin Are Pricing The Same War — Just From Different Sides, According To 10x Research

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