Here’s why Citi says crypto prices have been weak recently
Vivek Ramaswamy, a ten percent owner of Strive, Inc. (NASDAQ:ASST), recently purchased 15,625 shares of Variable Rate Series A Perpetual Preferred Stock in connection with the underwritten public offering, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at a price of $80.00, for a total transaction value of $1,250,000. This investment comes as ASST shares trade at $1.51, with the company’s market cap standing at $141 million and an impressive year-to-date return of 208%.
The transaction, which took place on November 5, 2025, increased Ramaswamy’s direct ownership to 15,625 shares of Variable Rate Series A Perpetual Preferred Stock.
Following the transaction, Ramaswamy directly owns 113,877,916 shares of Class B Common Stock and indirectly owns 28,378,826 shares of Class B Common Stock through the Ramaswamy 2021 Irrevocable Trust.
In other recent news, Strive, Inc. announced the pricing of its upsized initial public offering, which includes 2 million shares of Variable Rate Series A Perpetual Preferred Stock priced at $80 per share. This offering is expected to generate approximately $160 million in gross proceeds, with the settlement scheduled for November 10. Earlier, Strive had announced its intention to conduct an initial public offering of 1.25 million shares, with plans to use the proceeds for various corporate purposes, including bitcoin acquisitions and potential debt repayment. Additionally, Strive has filed a prospectus for the potential resale of up to 1.28 billion shares of its Class A common stock by certain selling securityholders, noting that the company will not receive proceeds from these sales.
In corporate governance developments, Strive’s board and stockholders approved amendments to remove the maximum number of directors allowed on its board, effective December 31, 2025. This change eliminates the previous limit of 11 directors. Furthermore, Strive has appointed Ben Werkman as Chief Investment Officer. Werkman, a Bitcoin advocate, joins from Swan Bitcoin and brings experience from his previous roles, including founding a Bitcoin treasury advisory firm and working at KPMG. These developments mark significant strategic and structural changes for Strive, Inc.
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