TLDR
- Vivek Ramaswamy acquired 15,625 Strive Inc Variable Rate Series A Perpetual Preferred Stock shares for $1.25 million on November 5, 2025
- The purchase price was $80 per share as part of Strive’s underwritten public offering that raised $160 million total
- ASST stock price reached $1.51 on November 7, 2025, with the company showing a 208% year-to-date gain
- Ramaswamy’s total holdings include 113,877,916 Class B shares directly and 28,378,826 shares through his irrevocable trust
- Strive appointed Ben Werkman as CIO and maintains focus on Bitcoin accumulation and treasury strategy
Vivek Ramaswamy purchased $1.25 million worth of Strive Inc preferred stock on November 5, 2025. The ten percent owner acquired 15,625 Variable Rate Series A Perpetual Preferred Stock shares at $80 each.
A Form 4 filing with the Securities and Exchange Commission disclosed the transaction. The purchase connected to Strive’s underwritten public offering.
ASST stock traded at $1.51 as of November 7, 2025. The company’s market capitalization stands at $141 million.
The stock has delivered a 208% year-to-date return. Over the past two weeks, ASST gained 37.3%.
Ramaswamy’s ownership structure includes direct holdings of 113,877,916 Class B Common Stock shares. His 2021 Irrevocable Trust holds another 28,378,826 Class B shares.
The recent preferred stock purchase brings his total direct and indirect stake to over 142 million shares. His position makes him one of the company’s largest shareholders.
$160 Million IPO Exceeds Initial Plans
Strive completed an upsized initial public offering on November 5, 2025. The company sold 2 million Variable Rate Series A Perpetual Preferred Stock shares.
Each share priced at $80, generating approximately $160 million in gross proceeds. The offering closed on November 10, 2025.
Strive originally planned to sell 1.25 million shares before expanding the deal size. The upsizing reflected strong investor demand.
The company will use proceeds for multiple corporate purposes. These include Bitcoin acquisitions and possible debt repayment.
Strive filed documentation allowing selling securityholders to resell up to 1.28 billion Class A common stock shares. The company receives no proceeds from those potential sales.
Trading Metrics and Leadership Updates
ASST stock rose from $1.45 to $1.51 between November 6 and November 7. The stock’s 52-week trading range extends from $0.335 to $13.42.
Options trading activity jumped on November 7 with over 278,000 contracts changing hands. Total open interest reached 3.48 million contracts.
The stock carries a beta of -0.71, indicating lower correlation with broader market movements. ASST’s P/E ratio sits at -1.62 due to current losses.
Price support appears at $1.24 with resistance at $1.66. Volatility remains elevated across recent trading sessions.
Strive’s board eliminated the maximum director cap effective December 31, 2025. The previous limit stood at 11 directors.
The company hired Ben Werkman as Chief Investment Officer. Werkman previously worked at Swan Bitcoin and founded a Bitcoin treasury advisory firm before joining Strive.
Strive continues pursuing its Bitcoin-focused investment approach. Company filings emphasize growing Bitcoin holdings and increasing Bitcoin-per-share ratios to outperform Bitcoin’s returns over time.
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