Key Points
- Strive Enterprises is expanding into wealth management with a distinct focus on incorporating Bitcoin into standard investment portfolios, backed by a recent $30 million Series B funding led by Cantor Fitzgerald.
- The company is relocating its headquarters to Dallas, Texas, and has recruited veteran executives Gary Dorfman and Randol Curtis to lead its wealth management division, bringing combined experience of over 60 years.
Bitcoin Integration Marks Strategic Departure from Traditional Wealth Management
In a bold move that signals growing institutional acceptance of cryptocurrencies, Strive Enterprises announced the launch of its wealth management business with a distinctive approach: making Bitcoin a cornerstone of client portfolios. The firm, co-founded by Vivek Ramaswamy in 2022, cites mounting global economic pressures, including unsustainable debt levels and inflationary concerns, as key drivers behind this strategy.
Industry Veterans Take the Helm
The new division will be steered by President Gary Dorfman and CIO Randol Curtis, both bringing extensive Wall Street experience from institutions like Sanford C. Bernstein and Morgan Stanley. This high-profile recruitment underscores Strive’s commitment to blending traditional financial expertise with modern investment approaches.
From ESG Challenger to Bitcoin Advocate
Ramaswamy, who launched Strive as a counter to ESG investing trends, sees this expansion as the next logical step in promoting “unapologetic capitalism.” The firm has already demonstrated significant growth, amassing $1.7 billion in assets under management since its inception. “The moment is now ripe to launch a pro-capitalism Wealth Management business focused on true financial freedom, with a focus on integrating Bitcoin into standard portfolios,” stated Ramaswamy.
Texas Emerges as New Financial Hub
Following the growing trend of financial firms moving to the Lone Star State, Strive’s relocation to Dallas represents another win for Texas’s burgeoning financial sector. Governor Greg Abbott welcomed the move, highlighting Texas’s position as the new hub of capital markets, dubbed “Y’all Street.” The company plans to complete its staff relocation from Columbus by the end of Q1 2025.
