Vivek Ramaswamy’s Firm Set To Become Bitcoin Treasury Asset Manager
BTC when published $80,100Now $80,598 ▲ +0.62% since it was published
CINCINNATI, OH – Asset Entities Inc. has cleared the way for a groundbreaking merger with Strive, the asset management firm founded by entrepreneur and former U.S. presidential candidate Vivek Ramaswamy. The approval, announced September 10, positions the newly formed Strive, Inc. to become the first publicly traded asset management company structured as a Bitcoin treasury firm. Under the merger plan, Strive intends to raise $750 million through a private placement at closing, with another $750 million potentially unlocked through warrant exercises. The combined $1.5 billion capital infusion will be dedicated entirely to Bitcoin purchases, signaling one of the most ambitious corporate bets on the cryptocurrency to date.
First reported by India West. This page is a short excerpt; the full text is theirs.
