Mike Alfred says he bought another 100,000 shares of Vivek Ramaswamy’s Strive

Key Takeaways

• Mike Alfred increased his stake in Strive Asset Management by purchasing another 100,000 shares.
• Strive Asset Management, led by Vivek Ramaswamy, recently agreed to acquire Semler Scientific.

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Hedge fund manager Mike Alfred said Wednesday he had added 100,000 shares of Strive Asset Management (ASST) at $1.05 and $1.06, bringing his total holdings to over 1.7 million shares. Alfred indicated he is “looking to add on further weakness.”

ASST is pacing toward a 5% decline at the close. The stock jumped to $1.16 at the open but pulled back as trading continued, per Yahoo Finance.

Alfred disclosed last month that he had acquired over one million shares in the Bitcoin-focused firm, pushing the stock up 49%.

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Strive Asset Management, founded by Vivek Ramaswamy, recently agreed to acquire Semler Scientific. Once completed, the deal would expand its Bitcoin reserves, which currently total 5,886 BTC.