6 articles tagged with #strive. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Vivek Ramaswamy's investment firm Strive has acquired Bitcoin holdings that now exceed Tesla's corporate Bitcoin position. This represents a notable shift in corporate treasury management strategy toward digital asset adoption.
Strive, a BTC treasury company, invested $50 million in Strategy's STRC preferred series while simultaneously increasing its own bitcoin holdings and raising the dividend on its SATA preferred stock.
Strive strategist Joe Burnett predicts AI-driven deflation could force central banks to adopt looser monetary policies, potentially driving Bitcoin's price to $11 million per coin by 2036. This scenario would result in Bitcoin achieving a $230 trillion market cap as AI technology creates deflationary pressures in the economy.
Strive (ASST) expanded its Bitcoin treasury by purchasing 113 BTC at an average price of $68,584 per bitcoin. This acquisition represents another institutional move toward Bitcoin adoption as a treasury asset.
An analyst forecasts ASST stock could surge 53x from $9.75 to $515 by 2034, based on Bitcoin Power Law projections. The forecast assumes Strive's Bitcoin holdings will grow from 13,628 BTC to 83,299 BTC through continuous SATA issuance, with Bitcoin exposure per share increasing 3.2x despite significant share dilution.
Strive (ASST) has raised its SATA preferred stock dividend rate to 12.75% and added 179 bitcoin to its balance sheet. The company also narrowed its trading range guidance and added MicroStrategy (MSTR) preferred stock holdings.
