Overview
- Strive said it closed an oversubscribed sale of 2 million Variable Rate Series A Perpetual Preferred shares at $80 each for roughly $160 million, with settlement on Nov. 10.
- SEC filings show co‑founder Vivek Ramaswamy bought 15,625 of the preferred shares for $1.25 million and he already controls over 142 million Class B shares directly and through a 2021 trust.
- The company states proceeds will fund general corporate purposes with potential Bitcoin purchases and possible debt repayment.
- Recent corporate moves include appointing Ben Werkman as chief investment officer and stockholder approval to remove the 11‑director cap effective Dec. 31, 2025.
- Reporting points to an all‑stock acquisition of Semler Scientific that remains subject to customary closing conditions.