New York hedge fund acquires over $125,000 in Bitcoin treasury company Strive shares

New York-based multi-strategy hedge fund FNY Investment Advisers, LLC, also known as First New York, disclosed holding 160,000 shares of Strive (ASST) in late 2025, marking a new Bitcoin-linked position for the firm.

With ASST closing near $0.78 on Monday, First New York’s stake is worth over $125,000, compared with roughly $118,000 spent acquiring the shares.

A Bitcoin-focused asset management firm, Vivek Ramaswamy-backed Strive is planning to raise $150 million through a follow-on offering of its SATA preferred stock to purchase more Bitcoin and related products, reduce debt, and fuel corporate growth.

This follows shareholder approval of Strive’s acquisition of Semler Scientific, which closed on January 16, adding over 5,000 BTC to Strive’s treasury and boosting total holdings to approximately 12,798 BTC.

The company now ranks 11th among corporate Bitcoin holders, ahead of Tesla and Trump Media & Technology Group.