The company Vivek Ramaswamy Strive raises $500 million for investments in $BTC

A significant step is looming in the institutional investment market. Strive Asset Management, a company founded by billionaire Vivek Ramaswamy, has announced ambitious plans to increase its positions in the world's leading cryptocurrency.

Strive has filed a document with the SEC in the USA allowing the company to issue and sell special type shares (SATA) for up to $500 million.

According to the submitted documents, the capital raised by Strive plans to direct towards several key objectives:

Acquisition of BTC and Bitcoin-based products.

Business development and replenishment of working capital.

Share buybacks and debt repayment.

Mergers and acquisitions of other companies or technologies.

The company is already a significant player in the market. Currently, it holds 7525 BTC on its balance sheet. In addition, Strive manages assets totaling over $2 billion through its exchange-traded funds (ETFs).

This move underscores the growing appetite among institutional investors for $BTC as a primary asset class and signals a further influx of capital into the cryptocurrency market.

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