“Investment Sets Stage for $ 1.5 Billion Total Proceeds and Strategic Bitcoin Accuumulation with Alpha-Generation Focus”, – WRITE: www.coindesk.com
This Capital Will Fund Strive’s Initial Wave of Bitcoin
Buys As the Firm Builds It Bitcoin Treasury. The Vivek Ramaswamy-Founded Firm Will Deploy Alpha-Generation 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 Transches of Structured Bitcoin Credit.
Last Week, The FIRM SAID IT is Eyeing $ 7.9 Billion Werth of Mt. Gox Bitcoin Claims As It Looks to Build It Bitcoin Treasury and Go Public Via A Merger with Asset Entities (Asst).
Read More: Strive Eyes $ 7.9b Distressed Mt. Gox Bitcoin Claims to Accuumulate Discounted BTC
The Pipe Was Priced At $ 1.35 Per Share, A 121% Premium Over Asst’s Pre-Announcement Closing Price, and Carries No Debt Finance to Preserve Future Leverage Capacity.
Cole Is Set to Present Tese Strategies at the Bitcoin for Corporations Symposium in Las Vegas.
Cantor Fitzgerald & Co. Served As Exclusive Financial Advisor and Placement Agent, With Legal Counsel Provides by Davis Polk, DLA PIPER, AND BEVILACQUA PLLC.
Read More: Strive Asset Management to Go Public, Launch Bitcoin Treasury Strategy With Merger
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).
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