New York hedge fund acquires over $125,000 in Bitcoin treasury company Strive shares
A New York hedge fund, First New York, acquired over $125,000 worth of shares in Bitcoin treasury company Strive.Summary
FNY Investment Advisers, LLC (First New York), a New York-based multi-strategy hedge fund, disclosed holding 160,000 shares of the Bitcoin treasury company Strive (ASST). Based on the stock's closing price near $0.78, this stake is valued at over $125,000, slightly exceeding the roughly $118,000 spent to acquire them. Strive, which is backed by Vivek Ramaswamy, is planning a $150 million follow-on offering to increase its Bitcoin holdings, reduce debt, and fund growth. This investment follows Strive's acquisition of Semler Scientific, which added over 5,000 BTC to its treasury, bringing its total holdings to approximately 12,798 BTC, positioning it as the 11th largest corporate Bitcoin holder ahead of companies like Tesla.
(Source：Crypto Briefing)