Strive Adds $169M Bitcoin in Its Biggest Buy in Four Months

The Nasdaq-listed bitcoin treasury company, co-founded by Vivek Ramaswamy, paid roughly $169 million for 2,000 coins last week and now holds 29,462 BTC.

• Strive, a Nasdaq-listed company co-founded by Vivek Ramaswamy, has purchased 2,000 Bitcoin for approximately $169 million, marking its largest acquisition in four months.
• The company now holds a total of 29,462 BTC, valued at around $2.5 billion, and funds its operations and dividends through the sale of preferred stock (SATA).
• This move positions Strive as a significant public holder of Bitcoin, allowing investors to gain exposure through traditional brokerage accounts.

Topics: Asset types, Institutional adoption, Bitcoin treasuries, Equity, Asset manager initiatives, Corporate treasury strategy

Tags: #strive #bitcoin #treasurycompany #nasdaq #vivekramaswamy #secfiling #preferredstock #sata #dividends #bitcoinholdings

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Multicoin exits the $1.65 billion Solana treasury company it helped launch eight months ago

Multicoin Capital has reported zero beneficial ownership of Forward Industries shares less than 8 months after leading its formation.

• Multicoin Capital has exited its stake in Forward Industries, a major Solana treasury company it helped launch, less than eight months after its formation.
• Despite Multicoin's exit, Forward Industries continues to accumulate SOL and explore new yield sources, even after reporting a significant quarterly loss.
• The move highlights potential strategic differences between Multicoin and its co-founder Kyle Samani, who still retains exposure to Forward Industries through a separate entity.

Topics: Institutional adoption, Blockchain usage, Scalability, Asset manager initiatives, Ethereum evm l 1 s, Growth metrics

Tags: #multicoincapital #solana #forwardindustries #kylesamani #secfilings #treasurycompany #digitalassets #sol #yieldsources #institutionalinvestor

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Trump Media Abandons Crypto Treasury, Prediction Market Ventures

Truth Social's parent company is unwinding two major Crypto.com deals as new leadership shifts its focus to media, data licensing, and a planned merger with fusion energy company TAE.

• Trump Media & Technology Group has terminated its deals with Crypto.com for a CRO treasury company and prediction market ventures due to shifting business priorities and crowded market conditions.
• The company is pivoting its focus to media, data licensing, and a merger with TAE, while pursuing a marketing deal to promote Crypto.com's prediction market products to Truth Social users.
• The decision comes amidst increasing regulatory scrutiny of Trump's crypto dealings from Democratic lawmakers.

Topics: Institutional adoption, Integration with defi, Legal regulatory, Asset manager initiatives, Rwa collateral lending, Securities law classification

Tags: #trumpmedia #cryptocom #cronos #crotoken #treasurycompany #predictionmarkets #truthsocial #yorkvilleacquisitioncorp #marketconditions #regulatoryscrutiny

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