Strive Closes Oversubscribed IPO, Ramaswamy Buys In
- Vivek Ramaswamy purchased 15,625 shares of Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock at $80 per share.
- Strive’s IPO on Nasdaq was oversubscribed, increasing the number of shares from 1.25 million to 2 million.
- The company aims to use IPO proceeds to enhance its Bitcoin holdings and for general corporate purposes.
- Ramaswamy holds 113.9 million Class B shares and indirectly owns 28.4 million shares through a trust.
- Prominent backers include Peter Thiel, JD Vance, and Bill Ackman.
Strive Asset Management’s successful IPO reflects strong investor demand, with plans to boost its Bitcoin treasury and shareholder value. Vivek Ramaswamy’s significant share purchase underscores his commitment to the company’s growth strategy.
Source (3.2)https://cryptobriefing.com/strive-preferred-shares-ramaswamy-acquisition/?rand=59535
