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Image Credit: Coin Telegraph

Ramaswami’s Strive raises $750M for ‘alpha-generating’ Bitcoin buy strategy

  • Strive, an asset manager founded by Vivek Ramaswamy, raised $750 million for 'alpha-generating' strategies through Bitcoin-related purchases.
  • The strategies will involve buying undervalued biotech companies, distressed Bitcoin claims, and bottom tranches of Bitcoin credit vehicles at discounted prices.
  • The $750 million raise may double to $1.5 billion and could make Strive the fifth-largest Bitcoin treasury company.
  • Strive's CEO mentioned that the focus is on sustained outperformance relative to Bitcoin itself, with new valuation frameworks in place.

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