Latest news with #StriveAssetManagement
Yahoo
08-06-2025
- Business
- Yahoo
What It Will Take For A Bitcoin Treasury Company To Become 'The Berkshire Hathaway Of Bitcoin'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise strategist Jeff Park has weighed in on what it would take for a company to become 'the Berkshire Hathaway of Bitcoin.' Park has said financial leadership alone would not be enough for any firm to become the ideal Bitcoin treasury company. Public corporations have become the dominant players in the Bitcoin market in recent months. When it comes to shareholder value growth, few firms can hold a candle to Warren Buffett's Berkshire Hathaway (NYSE:BRK, BRK.B)). Between 1965 and 2023, the company delivered a compound annual growth rate of nearly 20% to its shareholders, outperforming the S&P 500 by approximately 10%. So, it makes sense that Strive Asset Management CEO Matt Cole last month cited Berkshire Hathaway when discussing the firm's aspirations in the Bitcoin treasury company space. 'We're going to be one of the major players in the space where I look at us as kind of the Berkshire Hathaway of Bitcoin Treasury companies,' he said at the time. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Achieving this goal, however, will be no easy task. "The Berkshire Hathaway of Bitcoin' would have to master three different return on equity strategies, said Top Bitwise strategist Jeff Park on Monday. These strategies include liability management, asset management and operating equity management. According to Park, however, Bitcoin treasury firms in their current form are not taking advantage of more than one approach. He put MicroStrategy (NASDAQ:MSTR), The Blockchain Group and Metaplanet's strategies under liability management. Strive and Twenty One's efforts were classified under asset management, while Kindly MD's (NASDAQ:KDLY) efforts were placed under operating equity management. Meanwhile, Park said financial leadership alone would not be enough for a Bitcoin treasury company to become 'the Berkshire Hathaway of Bitcoin.' After all, the Oracle of Omaha's firm is not only recognized for its financial success but also its stabilizing role during times of distress. Trending: New to crypto? on Coinbase. So, in addition to mastering the outlined ROE strategies, Park said the ideal Bitcoin treasury company would need to build its 'spiritual weight' by wholeheartedly supporting Bitcoin development and prioritizing the community over corporate interests. 'Bitcoin companies must embrace the same vision of classical liberalism as individuals, to pursue freedom, decentralization, and unity: principles that only open-source software can truly deliver, not the managerial politicians,' he said, adding that 'the best corporate leaders will see that the real opportunity isn't just in accumulating, but in becoming custodians of a future where individuals, not institutions, hold the keys.' Public corporations have become the dominant players in the Bitcoin market in recent months. Bitwise said in April that these firms purchased 95,000 BTC in Q1 alone, more than half of the approximately 165,000 BTC expected to be mined this year. And with the entry of players like Strive, Twenty One and Kindly MD into the space in recent weeks, the Bitcoin purchases look set to accelerate even more. Many expect that this demand will drive the asset's price significantly higher. Bitwise, for example, has set a year-end price target of $200,000. Fundstrat has set a target of $250,000. VanEck has set a target of $180,000. At last look, the asset is trading at over $106,000, up nearly 2% in the past 24 hours. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article What It Will Take For A Bitcoin Treasury Company To Become 'The Berkshire Hathaway Of Bitcoin' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Vivek Ramaswamy's Strive Secures $750M To Kick Off Bitcoin Treasury Business
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strive Asset Management and Asset Entities have unveiled their first capital raise to get the ball rolling on their Bitcoin treasury business. Strive intends to differentiate itself in the Bitcoin treasury space with alpha-generating strategies. Asset Entities stock is up over 1,000% since the firm announced a merger with Strive. The rush on Bitcoin by corporations is showing no signs of slowing. Among the latest firms to jump on the bandwagon is Strive Asset Management, the financial services firm co-founded by billionaire and former presidential candidate Vivek Ramaswamy. Roughly three weeks after announcing a merger with Asset Entities (NASDAQ:ASST) that would see the combined company form a public Bitcoin treasury venture, Strive has unveiled its first capital raise to get the ball rolling on the business. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Strive and Asset Entities said on Tuesday that they had secured $750 million through a private investment in public equity to fund their first round of Bitcoin purchases. They said that the transaction included warrants that could allow for an additional $750 million in financing, potentially increasing the proceeds to $1.5 billion. If all warrants are exercised, the firm could launch with the fifth largest Bitcoin holdings among public firms, according to The modus operandi for Bitcoin treasury firms has so far been to raise capital through some form of low-interest debt or equity offering to purchase Bitcoin at market price, yielding returns for shareholders when the asset rises. Strive intends to do this while leveraging its asset management expertise to incorporate alpha-generating strategies that aim to outperform Bitcoin. Trending: New to crypto? on Coinbase. The alpha-generating strategies that have been outlined by Strive include acquiring biotechnology firms trading below their cash balance to unlock discounted cash, acquiring distressed Bitcoin claims and purchasing bottom tranches of structured Bitcoin credit vehicles. The firm already has the ball rolling on at least one of these efforts. It said last week that it was considering the purchase of 75,000 BTC worth of distressed claims tied to the defunct Mt. Gox exchange. Using these strategies, Strive intends to acquire Bitcoin at a significant discount to market value. Strive CEO Matt Cole said Tuesday at Bitcoin 2025 that this will enable the firm to outperform Bitcoin, regardless of whether its value increases or decreases. 'We're alpha seekers. And when you think about how to value a company that's doing both Bitcoin accumulation through beta strategies that accrue value to common equity shareholders and alpha, you have to think about the valuation framework differently. And our belief is that it should be higher,' Cole said, arguing that Strive deserved a higher valuation to net asset value than the competition. Asset Entities stock is up over 1,000% since the firm announced a merger with Strive. On the day, however, the stock price fell over 12% during normal trading hours but gained 4% after hours. Meanwhile, Bitcoin is trading near $108,000 at last look, up 13% in the past month but down 1.2% on the day. Read Next: A must-have for all crypto enthusiasts: . Hasbro, MGM, and Skechers trust this AI marketing firm — Image: Shutterstock Send To MSN: 0 This article Vivek Ramaswamy's Strive Secures $750M To Kick Off Bitcoin Treasury Business originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
30-05-2025
- Business
- Globe and Mail
Vivek Ramaswamy Is Betting Big on Bitcoin. Should You Buy the Hidden-Gem Stock Merging With His Company?
In recent years, a growing number of companies have raced to turn their balance sheets into Bitcoin (BTCUSD) treasuries, hoping to tap into the digital-asset boom and appeal to crypto-savvy investors. While major corporations like Strategy (MSTR) have led the charge, smaller players are now positioning themselves as lean, specialized alternatives. One emerging contender is Asset Entities (ASST), which is going to merge with entrepreneur and politician Vivek Ramaswamy's Strive Asset Management to pioneer a pure-play Bitcoin treasury business. Recently, the two firms announced a reverse merger and secured $750 million in PIPE financing. Under the combined strategy, ASST plans to acquire cash-rich, undervalued biotech firms, buying their balance-sheet cash at a discount, and redeploying that capital into Bitcoin. The goal is to build 'alpha-generating' accumulation strategies that outperform a simple Bitcoin holding, backed by an additional $750 million in potential warrant proceeds. For investors looking beyond the usual large-cap crypto bets, ASST offers a unique way to play Bitcoin's next leg up through a specialized, cash-leveraged vehicle. About ASST Stock Founded in 2020, Asset Entities is a specialized asset management firm delivering innovative solutions for corporate and individual clients. The company has a market cap of $112 million. After performing flat in the first half of 2025, shares of Asset Entities skyrocketed in early May, climbing more than 1,200% over the past month on news of its merger with Strive Asset Management. However, the stock still trades about 43% below its 52-week high near $13, leaving room for investors to potentially enter at a decent price. Financial Health Asset Entities generated $170,749 in revenue in the first quarter, primarily from paid Discord subscriptions, such as OptionsSwing and TikTok-linked communities. Management aims for about $1 million in total revenue for 2025, but that's small compared to the company's costs. Asset Entities lost $6.4 million in 2024 and another $1.62 million in Q1 2025, showing it remains unprofitable. By the end of Q1 2025, it had $4.21 million in cash and $4.99 million in total assets. Merging to Form a Bitcoin Treasury Company Asset Entities is merging with Strive Asset Management to become the 'first publicly traded asset management Bitcoin treasury company.' The new company, led by Strive CEO Matt Cole, will focus on building a large Bitcoin reserve. It will offer stock in exchange for Bitcoin, buy cash-rich companies at a discount, and purchase cheap Bitcoin-related assets like Mt. Gox claims. It also plans to buy crypto loans at discounted prices. To fund these moves, the company raised $750 million and could raise $750 million more. Instead of making money through normal business sales, the company wants to grow its Bitcoin per share. The idea is that as Bitcoin gains value, shareholders benefit. The company hopes it will create long-term value by growing its Bitcoin holdings faster than Bitcoin itself rises. The Bottom Line Vivek Ramaswamy's Strive will turn Asset Entities into a dedicated Bitcoin treasury backed by $750 million in fresh funding. While the stock carries risk as it builds out its plan, its cash position and unique strategy offer investors direct Bitcoin exposure. If you're comfortable with crypto volatility, ASST could be worth a try.
Yahoo
28-05-2025
- Business
- Yahoo
Asset Entities signs $750M PIPE to fund Bitcoin acquisitions
Strive Asset Management and Asset Entities (ASST) announced the signing of a $750M private investment in public equity, with an additional $750M in potential financing available upon the exercise of warrants, which could increase total potential proceeds to $1.5B. Upon closing of the transactions, the proceeds are expected to support the company's first wave of Bitcoin acquisitions, with the goal of establishing Strive Asset Management as the first Bitcoin treasury company focused on long-term Bitcoin outperformance through the implementation of alpha-generating strategies, in addition to the company's plans to implement known beta strategies used by incumbent Bitcoin treasury corporations. A select group of leading institutional investors and Strive's management team, including CEO Matt Cole, participated in the financing, which is expected to close concurrently with the transaction under the merger agreement between Strive Asset Management and Asset Entities. The PIPE investment was priced at $1.35 per share of common stock, representing a 121% premium to the closing price of Asset Entities immediately before its merger announcement with Strive Asset Management. The exercise price for warrants in this PIPE transaction is $1.35 per share. Strive elected not to raise any debt financing in this transaction, to preserve maximal leverage capacity in the future to optimize returns for common equity. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ASST: Disclaimer & DisclosureReport an Issue Asset Entities, Strive Asset Management announces $750M PIPE Asset Entities Regains Nasdaq Compliance as of May 2025 Asset Entities Inc trading resumes Asset Entities Inc trading halted, volatility trading pause Asset Entities Stock (ASST) Skyrockets 455.7% as It Merges with Strive for Bitcoin Power Play Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
27-05-2025
- Business
- Associated Press
STRIVE ASSET MANAGEMENT AND ASSET ENTITIES (NASDAQ: ASST) ANNOUNCE $750M PRIVATE INVESTMENT TO FUND FIRST WAVE OF BITCOIN ACCUMULATION
DALLAS, May 27, 2025 /PRNewswire/ -- Strive Asset Management and Asset Entities (Nasdaq: ASST) today announced the signing of a $750 million private investment in public equity (PIPE), with an additional $750 million in potential financing available upon the exercise of warrants, which could increase total potential proceeds to $1.5 billion. Upon closing of the transactions, the proceeds are expected to support the company's first wave of Bitcoin acquisitions, with the goal of establishing Strive Asset Management as the first Bitcoin treasury company focused on long-term Bitcoin outperformance through the implementation of alpha-generating strategies, in addition to the company's plans to implement known beta strategies used by incumbent Bitcoin treasury corporations. A select group of leading institutional investors and Strive's management team, including CEO Matt Cole, participated in the financing, which is expected to close concurrently with the transaction under the merger agreement between Strive Asset Management and Asset Entities. 'Most Bitcoin treasury companies are valued based on multiples to their Bitcoin holdings, which makes sense because their strategies are tied to leveraged beta to Bitcoin,' said Matt Cole, CEO of Strive. 'By contrast, our alpha-generating Bitcoin accumulation strategies are designed to drive sustained outperformance relative to Bitcoin itself, which requires a new valuation framework.' Strive Asset Management's first wave of alpha-generating Bitcoin accumulation strategies include: The PIPE investment was priced at $1.35 per share of common stock, representing a 121% premium to the closing price of Asset Entities (NASDAQ: ASST) immediately before its merger announcement with Strive Asset Management. The exercise price for warrants in this PIPE transaction is $1.35 per share. Strive elected not to raise any debt financing in this transaction, to preserve maximal leverage capacity in the future to optimize returns for common equity. Strive will further discuss its alpha strategies during Matt Cole's 11:54 AM PT presentation today at Bitcoin for Corporations in Las Vegas, Nevada. The presentation is expected to be streamed by the conference later in the day. An investor presentation and full transaction summary are now available on the Strive website. The financing transaction is subject to customary closing conditions, including approvals from the shareholders of both Strive and Asset Entities. Advisors Cantor Fitzgerald & Co. served as exclusive financial advisor to Strive. In addition, Cantor Fitzgerald & Co. served as exclusive placement agent for the PIPE financing. Davis Polk & Wardwell LLP is acting as legal advisor to Strive. DLA Piper LLP (US) acted as legal advisor to Cantor Fitzgerald & Co. Bevilacqua PLLC is acting as legal advisor to Asset Entities. About Strive Asset Management Strive Asset Management is an asset management firm with a mission to maximize value for clients through unapologetic capitalism. Strive Asset Management recently announced plans to become the first publicly traded asset management Bitcoin treasury company. The company is focused on outperforming Bitcoin over the long run by combining traditional Bitcoin treasury company leveraged beta strategies with novel alpha-generating strategies. After launching its first ETF in August 2022, the company has grown to manage ~$2 billion in assets. Learn more at About Asset Entities Inc. Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord's largest social community-based education and entertainment servers. The Company's suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities' initial customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company's Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company's SiN influencers can increase the social media reach of client Discord servers and drive traffic to their businesses. Learn more at and follow the Company on X at $ASST and @assetentities. To learn about the Ternary payment platform, please go to To learn about Asset Entities 360 suite of discord services, go to and Cautionary Statement Regarding Forward-Looking Statements Certain statements herein and the documents incorporated herein by reference may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements regarding the outlook and expectations of Strive and Asset Entities, Inc. ('ASST'), respectively, with respect to the proposed transaction, the strategic benefits and financial benefits of the proposed transaction, including the expected impact of the proposed transaction on the combined company's future financial performance (including anticipated accretion to earnings per share, the tangible book value earn-back period and other operating and return metrics), the timing of the closing of the proposed transaction, and the ability to successfully integrate the combined businesses. Such statements are often characterized by the use of qualified words (and their derivatives) such as 'may,' 'will,' 'anticipate,' 'could,' 'should,' 'would,' 'believe,' 'contemplate,' 'expect,' 'estimate,' 'continue,' 'plan,' 'project,' 'predict,' 'potential,' 'assume,' 'forecast,' 'target,' 'budget,' 'outlook,' 'trend,' 'guidance,' 'objective,' 'goal,' 'strategy,' 'opportunity,' and 'intend,' as well as words of similar meaning or other statements concerning opinions or judgment of Strive, ASST or their respective management about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions, include, among others, the following: These factors are not necessarily all of the factors that could cause Strive's, ASST's or the combined company's actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm Strive's, ASST's or the combined company's results. Although each of Strive and ASST believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results of Strive or ASST will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in ASST's most recent annual report on Form 10-K for the fiscal year ended December 31, 2024, quarterly reports on Form 10-Q, and other documents subsequently filed by ASST with the Securities Exchange Commission (the 'SEC'). The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive, ASST or their respective businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements speak only as of the date they are made and Strive and ASST undertake no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. Additional Information and Where to Find It In connection with the proposed transaction, ASST intends to file with the SEC a Registration Statement on Form S-4 (the 'Registration Statement') to register the common stock to be issued by ASST in connection with the proposed transaction and that will include a proxy statement of ASST and a prospectus of ASST (the 'Proxy Statement/Prospectus'), and each of Strive and ASST may file with the SEC other relevant documents concerning the proposed transaction. A definitive Proxy Statement/Prospectus will be sent to the stockholders of ASST to seek their approval of the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS OF ASST ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT STRIVE, ASST AND THE PROPOSED TRANSACTION AND RELATED MATTERS. A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other filings containing information about Strive and ASST, may be obtained, free of charge, at the SEC's website ( ). You will also be able to obtain these documents, when they are filed, free of charge, from ASST by accessing ASST's website at Copies of the Registration Statement, the Proxy Statement/Prospectus and the filings with the SEC that will be incorporated by reference therein can also be obtained, without charge, by directing a request to ASST's Investor Relations department at 100 Crescent Court, 7th floor, Dallas, TX 75201 or by calling (214) 459-3117 or emailing [email protected]. The information on Strive's or ASST's respective websites is not, and shall not be deemed to be, a part of this communication or incorporated into other filings either company makes with the SEC. Participants in the Solicitation Strive, ASST and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of ASST in connection with the proposed transaction. Information about the interests of the directors and executive officers of Strive and ASST and other persons who may be deemed to be participants in the solicitation of stockholders of ASST in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Proxy Statement/Prospectus related to the proposed transaction, which will be filed with the SEC. Information about the directors and executive officers of ASST, their ownership of ASST common stock, and ASST's transactions with related persons is set forth in the section entitled 'Board of Directors and Corporate Governance,' 'Executive Officers of the Company,' 'Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,' 'Executive Compensation,' and 'Certain Relationships and Related Transactions' included in ASST's definitive proxy statement in connection with its 2024 Annual Meeting of Stockholders, as filed with the SEC on August 22, 2024. No Offer or Solicitation This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. CONTACT: Matt Sullivan, 1-614-580-0160, [email protected] View original content to download multimedia: SOURCE Strive Enterprises, Inc.
