So, Strive has decided to drop a casual $750 million into the world of Bitcoin. Why? To buy some shiny new BTC and deploy those oh-so-ambitious alpha-generating strategies. Because, of course, what else would you do with that much cash? 🙄💸
The geniuses over at Strive Asset Management (no, not a typo, that’s actually their name) are all about making moves. Their $750 million private investment in public equity round is *allegedly* going to double up to $1.5 billion once those nifty warrants kick in. Because who wouldn’t want to add a little more drama to the pot, right? 🍿
Founded by Vivek Ramaswamy, Strive is officially on the Bitcoin bandwagon. The funds will go straight into the digital currency, with the company eyeing a future where it’s the first Bitcoin treasury company to fully embrace that whole “long-term Bitcoin outperformance” thing. 🤑
Oh, and just for the record, this round is priced at $1.35 per share—which, by the way, is a 121% premium over Strive’s pre-announcement closing price. So, yeah, they’re feeling pretty confident about this. 😏
Here’s the kicker: there’s no debt financing involved. Strive’s keeping it classy, hoping to preserve all the leverage for future schemes. Clever, huh? ✨
Once the dust settles on this PIPE round and they’ve secured all that glorious Bitcoin, Strive plans to secure its place in crypto history as the big player in BTC treasury with a focus on alpha-generating strategies. Because what’s a little Bitcoin without an overcomplicated financial strategy, am I right? 🙃
In case you didn’t know, Strive has some tricks up its sleeve. They’re going after undervalued biotech companies, distressed Bitcoin claims, and even scooping up discounted structured BTC credit. Basically, they’re like that friend who’s always hunting for the next “hidden gem” while sipping iced lattes. ☕️💎
And in a plot twist you saw coming from a mile away, Strive is already targeting Mt. Gox claims BTC. They’ve got their eyes on a cool $7.9 billion worth of claims from the defunct crypto exchange. Fancy, right? And they’re teaming up with 117 Partners LLC for this little adventure. 🕵️♂️
Coincidentally (or not), on the same day Strive announced its move, Trump Media also let slip that they’re raising a casual $2.5 billion to buy some BTC. So, what’s the deal? Is this the crypto gold rush? 💰
Strive’s CEO, Matt Cole, will be spilling all the tea about his company’s BTC plans at the Bitcoin Conference in Las Vegas. You won’t want to miss the drama, folks. 💃
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2025-05-27 19:11