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Vivek Ramaswamy Leverages Biotech Background to Invest in Bitcoin with Strategic Acquisitions

Hannah Perry | May 28, 2025

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Vivek Ramaswamy’s Firm Strategizes Biotech Acquisitions to Invest in Bitcoin

Entrepreneur and politician Vivek Ramaswamy, known for founding biotechnology companies and trading their stocks, is charting an ambitious course to leverage his biotech background for significant investments in bitcoin. Through his company, Strive Asset Management, he has successfully raised $750 million via private offerings aimed at executing a strategy that intertwines the biotechnology sector with cryptocurrency investments. This bold move comes amidst Ramaswamy’s campaign for governor of Ohio and his previous run as a GOP presidential candidate.

Financial Maneuvering: Merging Biotech with Cryptocurrency

Strive Asset Management recently announced a reverse merger with Asset Entities Inc. (ASST), solidifying the company’s intention to dive deep into the biotechnology field with the ultimate goal of bolstering investments in the surge of digital currencies. The funds raised will primarily focus on acquiring struggling biotech companies that have been recent underperformers in the market, particularly those facing clinical, regulatory, or commercial hurdles.

According to Strive’s investor presentation, their targeted biotech businesses range from $5 million to $100 million in valuation, boasting cash reserves that vary between $10 million to $400 million. This extensive analysis reveals that there are approximately 246 biotechnology companies trading at negative enterprise values, further emphasizing the potential for acquisitions at discounted rates.

Strategic Acquisition Approach

Strive’s strategy encompasses merging with underperforming biotech firms and effectively buying their cash at a discount. The acquired capital is intended to be funneled into bitcoin investments, showcasing Ramaswamy’s calculated approach to capitalize on undervalued assets. Additionally, the company plans to extend offers to existing shareholders of these biotech firms, providing them with contingency value rights tied to drug candidates that are in development, thus keeping them invested in the company’s potential future.

Additional Ventures: Distressed Bitcoin Litigation Claims

Beyond biotech acquisitions, Strive aims to diversify its investment approach by targeting distressed bitcoin litigation claims. This multifaceted strategy shows a willingness to engage with various aspects of the cryptocurrency landscape, potentially tapping into the legal challenges and disputes that surround digital currencies.

The State of Bitcoin and Biotech Markets

As of now, Bitcoin has seen a substantial rise of 17% in 2025 and is nearing its all-time high, suggesting a booming market for cryptocurrency. This surge coincides with a growing sentiment towards digital currencies, particularly supported by figures like former President Donald Trump, who recently hosted a dinner for the top holders of the “$TRUMP” digital token. This increase in acceptance and interest in digital currencies may boost investment opportunities for Strive’s strategic plan.

In contrast, the biotech sector remains relatively stagnant, with the NYSE Arca Biotechnology Index down 3.5% this year and experiencing a modest 6.4% increase over the past year. Similarly, the Nasdaq Biotech Index has faced declines of 5.2% in 2025 and a 7.6% drop over the last year. These trends indicate a struggling market, prompting a shift in focus for investors like Ramaswamy.

Ramaswamy’s Biotech Credentials

Ramaswamy’s knowledge in the biotech realm is underscored by his co-founding of Roivant Sciences Ltd. (ROIV) in 2014, along with his investment acumen accumulated during his time at the hedge fund QVT Financial. His expertise positions him well to navigate the complexities of the biotech industry while pivoting towards the lucrative potential of cryptocurrencies.

Industry Trends: Others Following Suit

The interest in Bitcoin is not isolated to Strive Asset Management. Recently, GameStop Corp. (GME) announced plans to add bitcoin as a cash reserve asset. Additionally, Strategy Inc. (MSTR), which was formerly known as MicroStrategy, has consistently integrated Bitcoin into its balance sheet strategy. Such trends reflect a broader acceptance of cryptocurrency that Ramaswamy is keen to capitalize on.

With this pioneering strategy, Strive Asset Management sets itself apart in a competitive landscape. As it undertakes efforts to reshape the future of biotech investment while aligning with the burgeoning world of cryptocurrencies, Ramaswamy’s dual role as an entrepreneur and politician may lend additional influence and insights into this evolving sector.