Shiba Inu Price Prediction: Strive Urges MSCI Not To Exclude BTC From Its Indexes, DeepSnitch AI Pushes Early AI Agent Deployment CoinCentral
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Strive, the Bitcoin treasury and asset management firm founded by Vivek Ramaswamy, has announced a fresh $162 million BTC purchase. This followed the oversubscribed listing of its SATA preferred stock on Nasdaq. Strive’s IPO Powers Bitcoin Expansion According to post on the firm’s X channel, the acquisition of 1,567 BTC was at an average price
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]]>Strive, Inc., the investment firm co-founded by Vivek Ramaswamy, has announced plans to acquire Semler Scientific in an all-stock deal. The agreement highlights the growing role of Bitcoin in corporate balance sheets and sets up Strive as one of the largest public holders of the cryptocurrency. Strive Seals Semler Merger Deal, Buys $675 Million in
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]]>After disclosing its treasury ambitions, Strive Asset Management has taken the first real steps to acquire Bitcoin (BTC). The company has announced a $750 million private investment to power its Bitcoin accumulation plans. Rather than blindly stacking Bitcoin, Strive Asset Management will leverage alpha-generating strategies in its Treasury operations. Strive Asset Management Raises $750M For Bitcoin Purchases Vivek Ramaswamy’s Strive Asset Management and Asset Entities have unveiled plans to become a leading force in Bitcoin accumulation. According to an X post, the company has announced a $750 million raise via private investment from a coalition of undisclosed VC firms. While details are under wraps, Strive Asset Management says the capital injection will support the company’s “first wave of Bitcoin accumulation.” Moreover, the tweet from Strive reveals additional plans to raise as much as $1.5 billion from private investment via warrant exercise. Strive Asset Management and Asset Entities (Nasdaq: ASST) announce… Read More at Coingape.com
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]]>Strive Asset Management, the company co-founded by Vivek Ramaswamy, announced its plans to build its 75,000 Bitcoin Treasury by purchasing distressed BTC claims at a discount from bankrupt crypto exchange Mt. Gox. Amid US economic uncertainties and rising debt, more and more companies are willing to add BTC to their balance sheets. Strive Shares Plans to Buy Bitcoins At A Discount In its May 20 SEC filing, Strive revealed its partnership with 117 Castell Advisory Group LLC to acquire claims to Bitcoin (BTC), which have already been legally received but are awaiting distribution from Mt. Gox. The firm further stated that acquiring these claims will allow it to purchase BTC at a discount to build its own Bitcoin Treasury. This would help to boost its Bitcoin-per-share ratio ahead of its anticipated reverse merger with Asset Entities, expected to close by mid-year. In order to pursue the Mt. Gox claims, Strive… Read More at Coingape.com
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]]>Strive Asset Management, co-founded by Vivek Ramaswamy, has filed an application for a novel Bitcoin Bond ETF. The proposed Strive Bitcoin Bond ETF aims to invest in derivatives such as swaps and options. If approved, this ETF could further boost BTC appeal by increasing institutional investment and demand. Having said that, the US SEC’s decision on the application is eagerly awaited by market participants.
Vivek Ramaswamy’s Strive Files For Bitcoin Bond ETF Launch
Vivek Ramaswamy’s Strive Asset Management has officially taken a step to advance the launch of the Bitcoin Bond ETF with its recent SEC filing. It will come as a new exchange-traded fund that will invest in bonds issued by companies like MicroStrategy that purchase Bitcoin tokens.
Strive Bitcoin Bond ETF will invest in swaps and options, among other derivatives. The new Bitcoin Bond ETF will utilize investments to target most of the companies that buy Bitcoin.
This development also comes as corporations have shifted their focus towards Bitcoin buying. Besides, a flurry of companies along with the global leaders are exploring opportunities for BTC Strategic Reserve. For context, MicroStrategy has recently acquired 1,070 BTC, highlighting its growing interest in the flagship crypto.
Meanwhile, the move to advance the launch of Bitcoin Bond ETF has sparked speculation about the rise in the price of BTC. Other factors like the involvement of Vivek Ramaswamy, Donald Trump’s election win, and the growing adoption of cryptocurrencies are also contributing to the bullish speculation for BTC.
Will It Impact BTC’s Value Ahead?
BTC price today was up by 1.69% to $99,130, while noting a surge of 6% in the last 7 days. Its market cap and trading volume soared by 1.35% and 56.73% to $1.96 trillion and $30.28 billion, respectively.
BTC Futures Open Interest, according to Coinglass data, has surged by 13%. This signals that the overall sentiments are bullish. Besides, the market is keeping close track of the flagship crypto, as it hovers around the brief $100K mark.
Meanwhile, Vivek Ramaswamy’s Strive Asset Management advancing the launch of this Bitcoin ETF is a positive move not only for BTC but for the entire crypto ecosystem. For context, US Spot Bitcoin ETFs have contributed the most inflows into digital assets in 2024, according to CoinShares reported. However, the report also noted that XRP reigns supreme among other digital assets in last week’s money flow.
Having said that, the Bitcoin Bond ETF, if gets approved, could further push the price of the crypto higher. However, investors should exercise due diligence, given the volatile nature of the crypto market.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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