Vivek Ramaswamy’s Strive Plans $1.5B Bitcoin Buy Tied to Mt. Gox

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Is This the Wildest Bitcoin Gamble Ever? 🤔💸

So, Vivek Ramaswamy’s firm, Strive Asset Management, is out here trying to raise a whopping $1.5 billion. You know, just a casual Tuesday in the world of finance! 💰

They’ve already snagged $750 million through some private investment deal—because who doesn’t love a good secret handshake? 🤝 And if they play their cards right with some fancy financial warrants, they could snag another $750 million. That’s right, folks, we’re talking about a potential total of $1.5 billion! 🎉

What’s the plan, you ask? Well, Strive wants to build a massive Bitcoin treasury by buying up distressed claims tied to 75,000 BTC from the infamous Mt. Gox exchange. You know, the one that went belly up years ago and left creditors twiddling their thumbs waiting for their Bitcoin. Classic! 🙄

While most Bitcoin treasury companies, like MicroStrategy, are just sitting on their Bitcoin like it’s a prized collection of Beanie Babies, Strive is going for broke—literally! They’re diving into advanced investment strategies, or as they like to call them, “alpha strategies.” Sounds fancy, right? 🧐

Strive’s CEO, Matt Cole, is all about that new valuation life. He claims their alpha-generating Bitcoin accumulation strategies are designed to outperform Bitcoin itself. Because why just ride the wave when you can surf it with style? 🏄‍♂️

Oh, and did I mention they’re merging with a company called Asset Entities (Nasdaq: ASST)? Once that deal is sealed, they’ll be off to the races with their Bitcoin strategy and new funds. Buckle up, folks! 🚀

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2025-05-27 17:56