🤑 Strive’s $162M Bitcoin Splash: Ramaswamy’s Crypto Carnival! 🎪

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Ah, the theater of finance! Behold, Strive, that audacious Bitcoin treasury and management firm birthed by the indefatigable Vivek Ramaswamy, has flung itself into the cryptosphere with the fervor of a man who’s just discovered his wallet is bottomless. Lo and behold, they’ve snatched up 1,567 BTC for a cool $162 million, at an average price of $103,315 per coin. 🪙✨

With this latest acquisition, Strive’s Bitcoin hoard swells to a staggering 7,525 BTC, catapulting them into the hallowed ranks of the top 15 global corporate Bitcoin holders. Bravo, Messrs. Ramaswamy & Co., for your audacity knows no bounds! 🎉

Strive’s Grand Bitcoin Ballet

Vivek Ramaswamy’s Strive, ever the maestro of financial acrobatics, has announced the purchase of 1,567 BTC worth $162 million, at an average cost of $103,315 per coin. This daring leap boosts their holdings to 7,525 BTC, allowing them to pirouette past Galaxy Digital and join the elite club of global corporate Bitcoin holders. All this, fresh off the heels of their oversubscribed SATA preferred stock listing on Nasdaq. Ah, the sweet symphony of success! 🎶

“Strive updates: 1. SATA listed on Nasdaq following an oversubscribed & upsized IPO-a triumph of capitalism! 2. Strive acquired 1,567 BTC for ~$162M at ~$103,315 per Bitcoin. As of 11/10/25, we hodl 7,525 Bitcoin. 3. New ASST & SATA investor presentation released. SATA dividends expected to be ROC (Return Of Capital).” 🧙‍♂️✨

The Never-Ending Bitcoin Odyssey

According to Strive’s official proclamation (delivered with all the gravitas of a Shakespearean soliloquy), SATA proceeds shall be funneled into future BTC acquisitions through a “non-dilutive model.” They’ve dubbed this financial sorcery the “Bitcoin amplification toggle.” This ingenious contraption allows Strive to amass Bitcoin via perpetual preferred equity while safeguarding shareholder value in its ASST common stock. Strive CEO Matt Cole, ever the poet, hailed the IPO as a “defining moment,” declaring Strive the first Bitcoin treasury to finance BTC accumulation entirely through perpetual preferred equity. “We’ve shown the speed and precision to create long-term value with Bitcoin as our hurdle rate,” he intoned, with all the drama of a man who’s just discovered the meaning of life. 🧠💡

“We’ve shown the speed and precision to create long-term value with Bitcoin as our hurdle rate.” – Matt Cole, CEO, Strive 🧙‍♂️

Other corporate titans have danced this dance before, with Michael Saylor’s strategy being the most recent example. But Strive, ever the showman, adds its own flair to the performance. 🕺

The SATA stock’s structure, a marvel of financial engineering, offers a 12% variable monthly dividend with returns classified as Return of Capital (ROC). This, they claim, provides potential after-tax benefits to investors. Strive, ever the diligent caretaker, promises to manage dividends to keep SATA shares trading between $95 and $105. Ah, the precision of it all! 📈

Strive Joins the Bitcoin Pantheon

Strive Chief Investment Officer Ben Werkman, with the air of a man who’s just solved the riddle of the Sphinx, describes SATA as a hybrid between traditional fixed income design and modern Bitcoin capital efficiency. Chief Risk Officer Jeff Walton, ever the pragmatist, adds that BTC’s liquidity and transparency make it ideal for a risk-conscious yield instrument. And so, Strive takes its place alongside other institutional luminaries-CleanSpark, Trump Media and Technology Group, and Tesla-all of whom have recently increased their BTC exposure. The cryptosphere, it seems, is a stage, and Strive is its latest star. 🌟

But let us not forget, dear reader, in this grand theater of finance, the only certainty is uncertainty. Will Strive’s Bitcoin bet pay off, or will it all end in a dramatic flourish of folly? Only time will tell. Until then, let us raise a glass to the audacity of it all! 🥂

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2025-11-11 17:38