Vivek Ramaswamy’s Strive seeks up to $500M to acquire more Bitcoin and repay debt
Crypto Briefing
Vivek Ramaswamy's Strive Asset Management plans to raise $500 million to buy more Bitcoin and manage corporate finances.Summary
Strive Asset Management, co-founded by Vivek Ramaswamy, intends to raise up to $500 million via an ATM preferred stock offering. The primary goal of this fundraising is to aggressively accumulate more Bitcoin and Bitcoin-related products, reflecting growing institutional interest in digital assets. The firm, which currently holds about 7,525 Bitcoin valued at $693 million, will also use the capital for general corporate purposes, including share repurchases, working capital, and debt repayment.
(Source：Crypto Briefing)