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Strive Eyes Bitcoin With $750 Million Ammo In Hand

  • Strive Asset Management, led by entrepreneur Vivek Ramaswamy, secured $750 million in private backing to build a significant Bitcoin stockpile.
  • The fund plans to raise up to $1.5 billion if all warrants are exercised, putting them in the league of top treasury Bitcoin buyers.
  • Strive intends to engage in active trading strategies in addition to holding Bitcoin, potentially trading between spot and futures markets to boost returns.
  • The firm faces tough competition as other players like Strategy and a business linked to US President Donald Trump aggressively accumulate Bitcoin, while also eyeing distressed Bitcoin claims from old bankruptcies.

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