Strive Asset Management secured $1.5 billion for Bitcoin Alpha Strategy, with a potential additional $750 million through warrant exercises.
The funding aims to drive Strive's initial Bitcoin acquisitions, focusing on outperforming Bitcoin through active, alpha-generating strategies.
Strive plans to acquire undervalued biotech firms, distressed Bitcoin claims, and leverage structured Bitcoin credit vehicles for high returns with controlled risks.
CEO Matt Cole presented Strive's Bitcoin strategy at the Bitcoin for Corporations conference, emphasizing a shift towards long-term alpha and a strategic approach in Bitcoin exposure.