{"id":128785,"date":"2025-05-07T18:16:48","date_gmt":"2025-05-07T18:16:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128785"},"modified":"2025-05-07T18:16:48","modified_gmt":"2025-05-07T18:16:48","slug":"strive-to-become-bitcoin-treasury-company","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128785","title":{"rendered":"Strive to become Bitcoin treasury company"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsStrive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.<br \/>\nAccording to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company\u2019s stock to accumulate Bitcoin (BTC).<br \/>\nThe deal will see Strive merging with Asset Entities \u2014 a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the company said.\u00a0<br \/>\nOnce the deal closes, Strive plans to issue approximately $1 billion in equity and debt and use the proceeds to accumulate BTC.\u00a0The asset manager \u201cintends to use all available mechanisms to build a Bitcoin war chest  and build a long-term investment approach designed to outperform Bitcoin,\u201d it said.<br \/>\nStrive plans to allow \u201cBitcoin holders to contribute Bitcoin in exchange for public stock through a structure that is intended to be tax-free,\u201d it said.\u00a0As of May 7, the company manages approximately $2 billion in net assets across a variety of funds.\u00a0<br \/>\nIn December, Strive filed to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers.<br \/>\nRelated: Trump-linked Strive files for \u2018Bitcoin Bond\u2019 ETF<br \/>\nCorporate Bitcoin treasuries are increasingly popular. Source: Bitcointreasuries.netCorporate Bitcoin treasuries<br \/>\nCorporate Bitcoin treasuries have become popular since the approval of Bitcoin exchange-traded funds (ETFs) on Wall Street. Companies pioneering the Bitcoin buyer approach, such as Strategy have seen their share prices surge by 350% in 2024.\u00a0<br \/>\nAnalysts say adding Bitcoin to corporate treasuries can \u201cpotentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks,\u201d asset manager Fidelity Digital Assets said in a 2024 report.<br \/>\nCorporate Bitcoin treasuries collectively hold roughly $74 billion worth of BTC as of May 7, according to Bitcointreasuries.net.\u00a0<br \/>\nRamaswamy founded Strive in 2022. Source: StriveTrump connection<br \/>\nRamaswamy, an outspoken ally of President-elect Donald Trump, founded Strive in 2022. Its stated goal is to help investors \u201charness the power of capitalism,\u201d according to Strive\u2019s website.\u00a0<br \/>\nIn 2023, Ramaswamy \u2014 who largely earned his $1 billion net worth from biotechnology startup Roivant Sciences \u2014 campaigned against Trump in the Republican presidential primary.\u00a0He later endorsed the president-elect.<br \/>\nMagazine:\u00a0Bitcoin\u2019s $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/strive-to-become-bitcoin-treasury-company?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsStrive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company. According to a May 7 announcement,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128785"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128785"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128785\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128785"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}