Strive

Vivek Ramaswamy's Strive is looking to raise $500 million via sales of its Variable Rate Series A Perpetual Preferred Stock to buy more bitcoin.

Bitcoin For Corporations (BFC) challenged MSCI’s plan to exclude companies with over 50% of assets in digital assets, arguing it unfairly penalizes operating businesses.

Strive Asset Management warned MSCI that its plan to exclude bitcoin-heavy companies from major benchmarks could create inconsistent results due to differing accounting standards.

With bitcoin treasury company mNAVs collapsing below 1, it made perfect sense for Strive to gobble up Semler Scientific in an all-stock deal. Also: bitcoin price falls from $116,000 to $112,000 on crypto liquidation scare; Metaplanet, Saylor and Capital B stack more bitcoin.

Strive’s $675M Bitcoin buy and merger with Semler form one of the world’s largest corporate Bitcoin treasuries.