According to COINOTAG, Strive Funds CEO Matt Cole said the firm intends to acquire over $700 million of Bitcoin after listing publicly. The company completed a $750 million private equity financing on May 27 at a subscription price of $1.35 per share, with warrants enabling expansion to a $1.5 billion facility. Strive outlined a strategy to deploy a “superior Bitcoin yield” portfolio, allocating proceeds to selective biotech acquisitions, purchases of distressed Bitcoin debt — including potential Mt. Gox claims — and discounted structured Bitcoin credit products. Management stated the financing will support measured treasury allocation and liquidity management as part of a disciplined plan to build its Bitcoin reserve treasury.
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