• bitcoinBitcoin (BTC) $ 117,819.00
  • ethereumEthereum (ETH) $ 2,952.57
  • xrpXRP (XRP) $ 2.79
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 690.12
  • solanaSolana (SOL) $ 161.92
  • usd-coinUSDC (USDC) $ 0.999884
  • dogecoinDogecoin (DOGE) $ 0.197460
  • tronTRON (TRX) $ 0.301807
  • staked-etherLido Staked Ether (STETH) $ 2,950.37
  • cardanoCardano (ADA) $ 0.732328
  • hyperliquidHyperliquid (HYPE) $ 47.92
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,625.00
  • stellarStellar (XLM) $ 0.426899
  • wrapped-stethWrapped stETH (WSTETH) $ 3,562.87
  • suiSui (SUI) $ 3.43
  • chainlinkChainlink (LINK) $ 15.37
  • bitcoin-cashBitcoin Cash (BCH) $ 503.57
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  • leo-tokenLEO Token (LEO) $ 9.03
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  • litecoinLitecoin (LTC) $ 94.52
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  • crypto-com-chainCronos (CRO) $ 0.103943
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • nearNEAR Protocol (NEAR) $ 2.51
  • okbOKB (OKB) $ 48.95
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  • jito-staked-solJito Staked SOL (JITOSOL) $ 196.64
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  • mantleMantle (MNT) $ 0.670371
  • susdssUSDS (SUSDS) $ 1.06
  • kaspaKaspa (KAS) $ 0.083919
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.64
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  • official-trumpOfficial Trump (TRUMP) $ 9.68
  • fasttokenFasttoken (FTN) $ 4.49
  • render-tokenRender (RENDER) $ 3.70
  • bonkBonk (BONK) $ 0.000025
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  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.710424
  • worldcoin-wldWorldcoin (WLD) $ 1.04
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,952.61
  • sei-networkSei (SEI) $ 0.320519
  • filecoinFilecoin (FIL) $ 2.55
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,407.00
  • skySky (SKY) $ 0.077800
  • quant-networkQuant (QNT) $ 112.16
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.025571
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.72
  • binance-staked-solBinance Staked SOL (BNSOL) $ 171.88
  • jupiter-exchange-solanaJupiter (JUP) $ 0.490746
  • usdtbUSDtb (USDTB) $ 0.999530
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  • kucoin-sharesKuCoin (KCS) $ 11.38
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,094.31
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  • spx6900SPX6900 (SPX) $ 1.48
  • usdt0USDT0 (USDT0) $ 0.999903
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  • nexoNEXO (NEXO) $ 1.27
  • story-2Story (IP) $ 4.27
  • fartcoinFartcoin (FARTCOIN) $ 1.23
  • injective-protocolInjective (INJ) $ 12.39
  • blockstackStacks (STX) $ 0.767422
  • flare-networksFlare (FLR) $ 0.016827
  • xdce-crowd-saleXDC Network (XDC) $ 0.072273
  • optimismOptimism (OP) $ 0.653735
  • sonic-3Sonic (S) $ 0.353831
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,160.94
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.70
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,101.90
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,742.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.73
  • immutable-xImmutable (IMX) $ 0.532074
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • memecoreMemeCore (M) $ 0.639616
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,106.70
  • the-graphThe Graph (GRT) $ 0.098135
  • dogwifcoindogwifhat (WIF) $ 0.960668
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,545.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pax-goldPAX Gold (PAXG) $ 3,350.16
  • flokiFLOKI (FLOKI) $ 0.000096
  • wbnbWrapped BNB (WBNB) $ 690.22
  • kaiaKaia (KAIA) $ 0.155747
  • clbtcclBTC (CLBTC) $ 118,010.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,189.17
  • paypal-usdPayPal USD (PYUSD) $ 0.999629
  • curve-dao-tokenCurve DAO (CRV) $ 0.642674
  • vaultaVaulta (A) $ 0.537640
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 181.54
  • tether-goldTether Gold (XAUT) $ 3,351.54
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.37
  • msolMarinade Staked SOL (MSOL) $ 211.38
  • theta-tokenTheta Network (THETA) $ 0.804409
  • iotaIOTA (IOTA) $ 0.205084
  • galaGALA (GALA) $ 0.016930
  • lido-daoLido DAO (LDO) $ 0.822227
  • raydiumRaydium (RAY) $ 2.74
  • jasmycoinJasmyCoin (JASMY) $ 0.015030
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.92
  • the-sandboxThe Sandbox (SAND) $ 0.293618
  • ousgOUSG (OUSG) $ 111.77
  • zcashZcash (ZEC) $ 42.54
  • pyth-networkPyth Network (PYTH) $ 0.119468
  • mog-coinMog Coin (MOG) $ 0.000002
  • jito-governance-tokenJito (JTO) $ 1.93
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998062
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • aerodrome-financeAerodrome Finance (AERO) $ 0.781507
  • super-oethSuper OETH (SUPEROETH) $ 2,950.92
  • saros-financeSaros (SAROS) $ 0.252316
  • tezosTezos (XTZ) $ 0.629352
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.84
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,159.50
  • pendlePendle (PENDLE) $ 3.91
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,769.00
  • tbtctBTC (TBTC) $ 117,513.00
  • flowFlow (FLOW) $ 0.383374
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,061.36
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,951.81
  • decentralandDecentraland (MANA) $ 0.314399
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  • heliumHelium (HNT) $ 3.09
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  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,766.00
  • walrus-2Walrus (WAL) $ 0.400735
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  • usdbUSDB (USDB) $ 0.996349
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 117,356.00
Bitcoin

Strive Closes $750M Investment Deal to Power ‘Alpha-Generating’ Bitcoin Strategy

By admin
0 15

Strive Closes $750M Investment Deal to Power 'Alpha-Generating' Bitcoin Strategy

Strive closed a $750 million private investment in public equity (PIPE) round, with an option to increase the financing by another $750 million if the warrants are exercised.

This capital will fund Strive’s initial wave of bitcoin

BTC$110,492.32 buys as the firm builds its bitcoin treasury. The Vivek Ramaswamy-founded firm will deploy alpha-generating strategies aimed at outperforming bitcoin.

CEO Matt Cole emphasized that Strive’s approach demands a new valuation framework. This strategy is driven by acquisitions of undervalued biotech firms, distressed bitcoin claims—including Mt. Gox claims via a partnership with 117 Partners LLC—and discounted tranches of structured bitcoin credit.

Last week, the firm said it is eyeing $7.9 billion worth of Mt. Gox bitcoin claims as it looks to build its bitcoin treasury and go public via a merger with Asset Entities (ASST).

The PIPE was priced at $1.35 per share, a 121% premium over ASST’s pre-announcement closing price, and carries no debt financing to preserve future leverage capacity.

Cole is set to present these strategies at the bitcoin for Corporations Symposium in Las Vegas.

Cantor Fitzgerald & Co. served as exclusive financial advisor and placement agent, with legal counsel provided by Davis Polk, DLA Piper, and Bevilacqua PLLC.



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