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Strive CEO Plans to Purchase Over $700 Million Worth of Bitcoin After IPO
Summary: According to reports, Strive Funds CEO Matt Cole has expressed plans to purchase over $700 million worth of Bitcoin after the company goes public. On May 27, Strive announced the completion of a $750 million private equity financing round at a subscription price of $1.35 per share, with the opportunity to expand to $1.5 billion ...
According to reports, Strive Funds CEO Matt Cole has expressed plans to purchase over $700 million worth of Bitcoin after the company goes public. On May 27, Strive announced the completion of a $750 million private equity financing round at a subscription price of $1.35 per share, with the opportunity to expand to $1.5 billion through warrants. Strive will focus on deploying a strategy of excess Bitcoin returns, using the financing to acquire biotech companies, distressed Bitcoin debt (such as Mt. Gox compensation claims), and discounted structured Bitcoin credit products to build its Bitcoin reserve treasury.
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Link: Strive CEO Plans to Purchase Over $700 Million Worth of Bitcoin After IPO [Copy]
