According to BlockBeats news, on August 28, Strive Funds CEO Matt Cole stated that they plan to purchase over $700 million worth of Bitcoin after going public.
On May 27, Strive announced the completion of a $750 million private equity financing, with a subscription price of $1.35 per share, and the opportunity to expand to $1.5 billion through warrants. Strive will focus on deploying an 'excess Bitcoin yield' strategic portfolio, and the financing will be used to acquire biotech companies, problematic Bitcoin claims (such as Mt. Gox compensation rights), and discounted structured Bitcoin credit products to build its Bitcoin reserve treasury.
