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Strive in the US aims to differentiate itself with an Alpha-generating Bitcoin strategy, seeking to acquire BTC with a maximum fundraising of 220 billion yen.
On May 27, the U.S. asset management firm Strive announced a fundraising of up to $1.5 billion (220 billion yen). In addition to a $750 million PIPE investment with Asset Entities (private investment in public equity), it is possible to raise an additional $750 million through the exercise of warrants.
The raised funds will be allocated to the first phase of the Bitcoin (BTC) acquisition strategy, aiming to establish an alpha-generating Bitcoin finance company that surpasses traditional beta strategies. The company's CEO, Matt Cole, explained that "the alpha generation strategy makes it possible to achieve sustainable excess returns in Bitcoin."
As a specific strategy, we plan to acquire biotech companies that have fallen into a state of cash shortage to obtain undervalued cash. Additionally, through a strategic partnership with 117 Partners LLC, we aim to acquire claims from bankrupt exchanges such as Mt.Gox at a discounted price amounting to 75,000 BTC worth of Bitcoin.
Creditors of Mt.Gox have been waiting for over 10 years since its collapse in 2014, with approximately 140,000 BTC scheduled for distribution by October 31, 2025. Creditors with a need for funds and wishing to avoid further delays may prefer immediate cashing out, and Strive is looking to implement a strategy targeting this demand.
Strive is a company co-founded by former Republican presidential candidate Vivek Ramaswamy, which launched its asset management business last November. The company is promoting the inclusion of Bitcoin in the standard portfolio of Americans as a hedge against debt issues and geopolitical risks.
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