Strive ($ASST) Pays Off Semler Debt, Buys $29M In Bitcoin

Strive, Inc. announced today that it has closed an upsized and oversubscribed follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, raising $225 million amid strong institutional demand and accelerating the retirement of legacy debt from its Semler Scientific acquisition.

The Dallas-based firm said it sold 1.32 million shares of the preferred stock — known as SATA — at $90 per share, after demand exceeded $600 million. The offering was initially targeted at $150 million before being increased alongside a series of privately negotiated note exchanges.

As part of the transaction, Strive retired $110 million of the $120 million in debt assumed from Semler…

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Cathie Wood Expects More Bitcoin Consolidation, But Not For Much Longer

ARK Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (CRYPTO: BTC), while outlining the key innovation themes shaping her investment strategy.

Bitcoin: The Liquid Asset Redefining Markets

In a recent Fox Business interview, Wood said markets are entering a “Great Acceleration,” driven by how early the AI cycle still is.

She noted that not all companies will benefit, particularly traditional software firms slow to adapt.

ARK focuses on five converging innovation platforms: artificial intelligence, robotics, energy storage, blockchain, and multiomic sequencing.

According to Wood, long-term winners will be those aligned with these disruptive technologies.

Wood’s Bitcoin Price… Read more on Benzinga

Bitcoin Price Jumps Above $90,000 Ahead Of Fed Meeting, Senate Vote

The Bitcoin price surged early Wednesday, reclaiming the $90,000 level as traders digested fresh macro signals and growing momentum around U.S. crypto regulation.

The move followed a sharp reversal from weekend lows near $86,000, with the bitcoin price climbing to highs of $90,361 into the day, according to Bitcoin Magazine Pro data. 

All this is happening as the market braced for the Federal Reserve’s first rate decision of the year later today, with futures pricing in an almost certain hold on rates Wednesday. 

With unemployment at 4.4%, traders are focused less on inflation and more on whether Chair Jerome Powell signals concern about labor market softness. 

If…

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As Gold Cracks $5,200, A Major Crypto Firm Stores 140 Tons In A Nuclear Bunker

Tether Holdings has emerged as one of the world’s largest private gold holders, with CEO Paolo Ardoino announcing further ambitions to allocate to gold over Bitcoin (CRYPTO: BTC).

Tether’s Bold Bet: Gold Over Bitcoin

Tether, issuer of the $186 billion stablecoin USDT (CRYPTO: USDT), has accumulated roughly 140 tons of gold — valued at about $24 billion — in a high-security former nuclear bunker in Switzerland.

Over the past year alone, Tether bought more than 70 tons of gold, rivaling major central banks and ETFs, and is currently acquiring one to two tons per week.

The purchases are funded by USDT profits, with gold serving both as reserves and as backing for Tether’s gold-backed…

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Ripple Debuts ‘Ripple Treasury’ Following $1 Billion Acquisition

Ripple (CRYPTO: XRP) on Tuesday launched the Ripple Treasury, which integrates GTreasury’s enterprise software and enables 3-5 second cross-border settlements using RLUSD (CRYPTO: RLUSD) stablecoin versus traditional 3-5 day wire transfers.

What Ripple Treasury Actually Does

The platform combines traditional cash management with digital asset operations in a single system, solving a major problem for corporate finance teams: managing both regular money and crypto without spreadsheets.

Cross-border payments using RLUSD stablecoin settle in 3-5 seconds instead of 3-5 business days. 

That means companies can move money internationally without tying up capital for days waiting for banks to…

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Bitcoin Chases $90,000 As Ethereum, XRP, Dogecoin Rise Ahead Of FOMC Meeting

Bitcoin is pushing toward the $90,000 level on growing hopes of macro liquidity support.

Bitcoin ETFs saw $147.4 million in net outflows on Tuesday, while Ethereum ETFs reported $63.5 million in net outflows.

The meme coin sector jumped 3.5% to $45.2 billion, tracking broader market strength.

Trader Commentary:

Daan Crypto Trades said Bitcoin remains stuck within its broader range, with the yearly open acting as near-term support. Despite rallies in equities and metals, crypto continues to lag. His strategy: stay patient, set alerts near $84,000 and $94,000, and wait for a decisive break.

Crypto trader Jelle noted bears still have the upper hand, even though they’ve failed to push BTC…

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Arthur Hayes Sees Government Money Printer Going ‘BRRR’ If US Intervenes To Bolster The Japanese Yen And That Could Be Good For Bitcoin

Arthur Hayes, Chief Investment Officer at Maelstrom Fund, explored in an essay published Tuesday how a potential intervention by U.S. authorities to support the Japanese yen could boost risk assets like Bitcoin (CRYPTO: BTC).

Intervention In US Interest?

In the essay titled “Woomph,” Hayes argued that the Treasury Department, in coordination with the Federal Reserve, could sell dollars and buy yen, solving “many financial problems” for the Trump administration.

“This will strengthen the yen against the dollar, which will help U.S. export competitiveness,” Hayes said.

He added that this would push Japanese Government Bond yields lower, discouraging private Japanese investors from…

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Eric Trump Says American Bitcoin Is ‘Leading The Charge’ In BTC Accumulation — But Company’s Stock Has Cratered 75% Since Debut – American Bitcoin (NASDAQ:ABTC)

American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump celebrated on Tuesday the company’s sprint in Bitcoin (CRYPTO: BTC) accumulation since its Wall Street debut last year.

‘Building America’s Bitcoin Infrastructure’

In an X post, Trump expressed pride that the firm has “sprinted past company after company” to become the 18th-largest Bitcoin treasury, within five months of going public.

As of this writing, American Bitcoin holds 5,843 BTC, worth $520 million, surpassing companies such as GameStop Corp. (NYSE:GME) and Gemini Space Station Inc. (NASDAQ:GEMI).

“ABTC is leading the charge, building America’s Bitcoin infrastructure faster than anyone,” Trump said.

Trump…

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