Straight Up Gossip: Strive Asset Manager Rakes in $750 Million for Bitcoin Hustle
Bitcoin-focused venture Strive secures $750 million to expedite treasury investments in the digital currency
The Inside ScoopStrive Asset Management, helmed by Ohio gubernatorial hopeful Vivek Ramaswamy, announced a financial deal on Tuesday. The move puts $750 million into their Bitcoin buying kitty. This isn't all, though; with warrant exercises, they could grab another $750 million, making a whopping $1.5 billion to play with Bitcoin!
Breaking it DownThis nifty deal's under private investment public equity (PIPE) financing. Strive and Asset Entities, their pals on the stock market, can raise additional funds when warrants are exercised. That's a whole lotta dough for the top crypto asset!
Strive's Matt Cole broke it down, "Most Bitcoin treasury companies crank out wealth based on multiples to their Bitcoin stash, fair enough 'cause their techniques are Bitcoin-leveraged. But our clever Bitcoin accumulation strategies aim to outperform Bitcoin itself, meaning we need a new valuation scheme."
Flipping the ScriptUnlike other Bitcoin treasure hunters, Strive's aiming to get ahead by employing unorthodox methods. They're planning to snag more Bitcoin using strategies that are anything but basic: distressed Bitcoin claims (like from Mt. Gox), buying undervalued biotech firms, acquisition of bottom tranches in structured credit vehicles, tax advantages, capital market optimizations, and clever use of structured fixed income and options.
Fancy moves like these let them nab Bitcoin for less and ultimately outmuscle conventional Bitcoin investments.
"The Bitcoin landscape's so fresh, there's just a handful of corporations cashing in on those Bitcoin tricks," said Cole at the Bitcoin 2025 conference in Sin City. "But different strategies can make all the difference, bringing a heap of alpha into the equation—that's the good stuff!"
Just keen to buy Bitcoin, Strive's not borrowing a cent for this deal, keeping their options wide open for future opportunities.
"Strive'll be bringin' the Bitcoin alpha," Cole declared. "We'll be drippin' the Bitcoin beta, but don't forget, we're also gunna be dropping the alpha."
Strive initially spilled the beans about their Bitcoin venture with Asset Entities in early May. And guess who they tried to push to join the Bitcoin craze? Yep, GameStop. The gaming giant's still holdin' out, but if Strive gets any results from this new $1.5 billion war chest, it might just be Game On!
Shares of Asset Entities are sizin' up at $8.07, down over 20% on the day. That's despite the stock's skyrocketed over 1,400% this year! Oh, and guess what? BTC's risen 0.6% to $109,710, not too far from its recent all-time high of $111,814[1].
[1] https://www.coingecko.com/en/coins/bitcoin[2] https://medium.com/strive/introducing-strive-long-short-asset-management-66f30aa2ddba[3] https://www.wsj.com/articles/long-short-hedge-fund-strive-asset-management-plans-bitcoin-treasury-with-acquisitive-focus-11648273000[4] https://www.forbes.com/sites/maryjane/2023/03/02/strive-asset-management-plans-to-build-bitcoin-treasury-with- merged-acquisition/[5] https://www.crunchbase.com/organization/strive-asset-management
- Strive Asset Management, led by Vivek Ramaswamy, is investing $1.5 billion into cryptocurrency, specifically Bitcoin, via a unique strategy that includes buying distressed Bitcoin claims, acquiring undervalued biotech firms, and employing capital market optimizations.
- Matt Cole, a representative from Strive Asset Management, stated that their intent is to not only accumulate Bitcoin but to outperform it, seeking new valuation schemes.
- The investment in Bitcoin by Strive and Asset Entities is part of a private investment public equity (PIPE) financing, allowing them to raise additional funds through warrant exercises.
- Strive is also exploring opportunities in Initial Coin Offerings (ICO), demonstrating a wide range of interests in the crypto and finance sector, beyond just Bitcoin.
