The post Strive raises $160M in oversubscribed SATA IPO as Vivek Ramaswamy buys in appeared on BitcoinEthereumNews.com. Key Takeaways Vivek Ramaswamy purchased 15,625 shares of Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock at $80 per share. Strive Asset Management, co-founded by Ramaswamy, positions itself as ‘anti-woke’ and focuses on maximizing shareholder value. Strive, backed by Vivek Ramaswamy, announced Monday it had successfully closed its oversubscribed initial public offering (IPO) of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) on Nasdaq, raising the number of shares from 1.25 million to 2 million due to high demand. Ramaswamy purchased 15,625 shares of Strive’s SATA Stock, according to a recent SEC filing. He also owns 113.9 million Class B shares and indirectly holds 28.4 million shares through the Ramaswamy 2021 Irrevocable Trust. The offering is part of Strive’s strategy to amplify its Bitcoin holdings through perpetual preferred equity. The company plans to use the IPO proceeds for general corporate purposes and to potentially increase its Bitcoin holdings, thereby boosting value for ASST common equity shareholders. Backed by prominent entrepreneurs like Peter Thiel, JD Vance, and Bill Ackman, Strive is acquiring health-tech firm Semler Scientific in an all-stock transaction. The deal, subject to customary closing conditions, is expected to establish a major Bitcoin treasury entity. Source: https://cryptobriefing.com/strive-preferred-shares-ramaswamy-acquisition/The post Strive raises $160M in oversubscribed SATA IPO as Vivek Ramaswamy buys in appeared on BitcoinEthereumNews.com. Key Takeaways Vivek Ramaswamy purchased 15,625 shares of Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock at $80 per share. Strive Asset Management, co-founded by Ramaswamy, positions itself as ‘anti-woke’ and focuses on maximizing shareholder value. Strive, backed by Vivek Ramaswamy, announced Monday it had successfully closed its oversubscribed initial public offering (IPO) of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) on Nasdaq, raising the number of shares from 1.25 million to 2 million due to high demand. Ramaswamy purchased 15,625 shares of Strive’s SATA Stock, according to a recent SEC filing. He also owns 113.9 million Class B shares and indirectly holds 28.4 million shares through the Ramaswamy 2021 Irrevocable Trust. The offering is part of Strive’s strategy to amplify its Bitcoin holdings through perpetual preferred equity. The company plans to use the IPO proceeds for general corporate purposes and to potentially increase its Bitcoin holdings, thereby boosting value for ASST common equity shareholders. Backed by prominent entrepreneurs like Peter Thiel, JD Vance, and Bill Ackman, Strive is acquiring health-tech firm Semler Scientific in an all-stock transaction. The deal, subject to customary closing conditions, is expected to establish a major Bitcoin treasury entity. Source: https://cryptobriefing.com/strive-preferred-shares-ramaswamy-acquisition/