The American investment company Strive, founded by politician and entrepreneur Vivek Ramaswamy, announced the successful closing of a private placement of shares (PIPE) for $750 million. This is reported by CoinDesk.
The company noted that this will serve as the foundation for launching a bitcoin strategy aimed at generating returns above market averages — alpha.
According to the report, the deal values the shares at $1.35, which is 121% higher than the previous market price of Asset Entities (ASST), with which Strive planned a merger to go public. If the guarantees are realized, the funding volume could increase to $1.5 billion.
