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Strive Asset Management and Asset Entities have announced a major $750 million private investment in public equity (PIPE) with another $750 million available through warrant exercises totaling up to $1.5 billion. This funding will support Strive’s first wave of Bitcoin acquisitions as it aims to become the first Bitcoin treasury firm focused on long-term outperformance using advanced alpha-generating strategies.
The investment was led by top institutional investors and Strive’s leadership team including CEO Matt Cole. Strive plans to acquire discounted biotech companies distressed Bitcoin claims like Mt. Gox and structured Bitcoin credit assets. Cole stated that unlike typical Bitcoin treasuries based on simple holdings Strive’s approach is built to exceed Bitcoin’s own performance.
The PIPE was priced at $1.35 per share reflecting a 121% premium to Asset Entities’ last close. Strive chose not to take on debt to maintain future leverage potential. Further insights into their strategy will be shared during Cole’s presentation at Bitcoin for Corporations in Las Vegas.
