According to online reports, Strive, an asset management company co-founded by Vivek Ramaswamy, announced that it has completed a US$750 million public company private equity (PIPE) financing at an issue price of US$1.35 per share, a 121% premium to the closing price of ASST shares on the previous trading day. The deal also includes US$750 million in warrants. If fully exercised, the total financing will reach US$1.5 billion. It is reported that this financing does not introduce debt and retains room for future leverage. Strive plans to use the funds to acquire biotechnology companies and purchase troubled assets related to Bitcoin (such as Mt. Gox claims) and discounted structured Bitcoin credit instruments to build an Alpha-driven Bitcoin asset portfolio.