Strive, a Bitcoin treasury company backed by biotech entrepreneur Vivek Ramaswamy, purchased 1,567 Bitcoin valued at $162 million between October 28 and November 9, the company announced Monday.

The acquisition aligns with Strive’s strategy to build cryptocurrency holdings using proceeds from preferred stock offerings. The company appointed a new Chief Investment Officer with expertise in Bitcoin treasury advisory to strengthen its focus on cryptocurrency integration.

Strive approved governance changes to remove limits on its board size, enabling more flexible oversight of its Bitcoin treasury initiatives. Ramaswamy recently acquired additional shares in the company as it expands its leadership to support cryptocurrency strategies.

The purchase reflects growing corporate adoption of Bitcoin as a treasury reserve asset, with Strive positioning itself as a dedicated Bitcoin treasury vehicle in the evolving digital assets landscape.