Strive Asset Management Relocates to Texas, Launches Wealth Unit Integrating Bitcoin

Nov 1, 2024, 08:20 PM

Strive Asset Management, a $1.7 billion asset firm co-founded by Vivek Ramaswamy, announced plans to launch a new wealth management business that will integrate Bitcoin into client portfolios as a hedge against long-term risks. The firm aims to integrate Bitcoin into standard portfolios of everyday Americans and is adding experienced executives to lead the wealth management business. Backed by investors including Peter Thiel, JD Vance, Bill Ackman, and Howard Lutnick, Strive is relocating its corporate headquarters to Texas and seeks to offer expanded investment options for clients, positioning Bitcoin as a key component in their portfolios.