Strive (ASST) Stock: Insider Purchases $1.25 Million in Preferred Shares

TLDR

• Vivek Ramaswamy bought 15,625 Variable Rate Series A Perpetual Preferred Stock shares in Strive Inc for $1.25 million at $80 per share on November 5, 2025
• Strive’s upsized IPO raised $160 million from 2 million preferred shares, up from an initial plan of 1.25 million shares
• ASST stock traded at $1.51 with a $141 million market cap and 208% year-to-date return as of November 7, 2025
• Ramaswamy now owns 113,877,916 Class B Common Stock shares directly plus 28,378,826 shares through his trust
• The company appointed Ben Werkman as Chief Investment Officer and continues its Bitcoin-focused investment strategy

Vivek Ramaswamy made a $1.25 million investment in Strive Inc on November 5, 2025. The ten percent owner purchased 15,625 shares of Variable Rate Series A Perpetual Preferred Stock at $80 per share.

The transaction occurred through Strive’s underwritten public offering. A Form 4 filing with the Securities and Exchange Commission confirmed the purchase details.

Strive, Inc., ASST

ASST stock closed at $1.51 on November 7, 2025. The company carries a market cap of $141 million with an impressive 208% year-to-date return.

Ramaswamy’s holdings now include 113,877,916 Class B Common Stock shares held directly. The Ramaswamy 2021 Irrevocable Trust holds another 28,378,826 Class B shares indirectly.

His total position across direct and indirect holdings exceeds 142 million shares. The preferred stock purchase adds 15,625 shares to his portfolio.

Strive Completes $160 Million Offering

Strive priced its upsized initial public offering on November 5, 2025. The company sold 2 million Variable Rate Series A Perpetual Preferred Stock shares at $80 each.

The offering generated approximately $160 million in gross proceeds. Settlement took place on November 10, 2025.

The deal represents an increase from earlier plans. Strive originally planned to offer just 1.25 million shares before expanding the size.

Proceeds will fund various corporate purposes including Bitcoin acquisitions and potential debt repayment. The company filed a separate prospectus for up to 1.28 billion Class A common stock shares that selling securityholders may resell.

Stock Performance and Corporate Changes

ASST gained ground from $1.45 to $1.51 between November 6 and November 7. The stock returned 37.3% over a two-week period despite three-month underperformance.

Options activity surged with over 278,000 contracts trading on November 7. Open interest reached 3.48 million contracts.

The stock’s 52-week range spans $0.335 to $13.42. ASST trades with a beta of -0.71 and a P/E ratio of -1.62 due to ongoing losses.

Recent price support sits at $1.24 with resistance at $1.66. The stock continues experiencing high volatility.

Strive’s board approved removing the maximum director limit. The change takes effect December 31, 2025 and eliminates the previous 11-director cap.

Ben Werkman joined as Chief Investment Officer from Swan Bitcoin. He previously founded a Bitcoin treasury advisory firm and worked at KPMG.

Strive maintains its Bitcoin-centric strategy with a focus on accumulating Bitcoin and increasing Bitcoin-per-share. The company aims to outperform Bitcoin as a long-term investment benchmark.

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