Strive, an asset management firm founded by Vivek Ramaswamy, acquired 1 375 BTC worth 109 million last week, according to Decrypt.

The purchase marks the third consecutive week in which Strive's bitcoin position grew by more than 5%. The Decrypt headline also notes that the company's preferred stock is approaching the 1 billion dollar mark.

For the market, this signals a continued expansion of Strive's corporate exposure to bitcoin. However, the available material consists only of metadata and a synopsis of the Decrypt publication, so details of the deal and its impact require further verification.