Vivek Ramaswamy's 'Strive' Initiates Bitcoin Accumulation with $750 Million Investment Announcement

Uk Jin

Summary

Vivek Ramaswamy's Strive Asset Management announced a $750 million private investment to accumulate Bitcoin (BTC).
Strive raised funds in the form of PIPE and stated that if warrants are exercised, it is expected to increase to a total of $1.5 billion.
Strive plans to generate excess returns through alpha generation strategies beyond just Bitcoin.

Strive Asset Management, led by prominent American politician and entrepreneur Vivek Ramaswamy, has announced a private investment to accumulate Bitcoin (BTC).

According to PR Newswire on the 27th (local time), Strive has successfully raised $750 million (approximately 1 trillion KRW) to support Bitcoin purchases.

This fundraising was conducted in the form of PIPE (Private Investment in Public Equity). If the warrants are exercised, an additional $750 million is expected to be raised, allowing Strive to secure a total of $1.5 billion in investment funds.

Strive stated, "Most Bitcoin shares are valued based on multiples of Bitcoin holdings," adding, "However, we will leverage alpha generation strategies to create sustained excess returns that surpass Bitcoin itself."

Strive's alpha generation strategy includes purchasing distressed Bitcoin claims like those from Mt. Gox, securing discounted cash, and buying lower tranches of Bitcoin credit products.

BTC