PANews reported on May 27 that according to CoinDesk, Strive Asset Management , an asset management company founded by Vivek Ramaswamy, has completed a $750 million private equity investment (PIPE) round of financing, with a subscription price of $1.35 per share, a 121% premium over the previous closing price of ASST, and the opportunity to expand to $1.5 billion through warrants. The funds will be used to acquire undervalued biotech companies, buy Mt. Gox and other Bitcoin debts, and discounted structured BTC credit products to build its Bitcoin vault. CEO Matt Cole said that Strive will use an "Alpha-oriented" strategy to increase BTC returns, and will explain the plan in detail at the "Bitcoin and Enterprise Conference" in Las Vegas.

As reported last week, Strive plans to acquire Mt.Gox's claims to obtain 75,000 BTC to build a Bitcoin vault .