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-0.0065620128339919 -0.01148050127494 -0.00663452126309683 0.00773423243785424 -0.0150938379919999 0.0737289876614824 0.113004386759961 0.161947576405757
Stock impact report

Bitcoin's Big Week: Fed Rate Cut Hype amid New BTC Treasury Announcement [Yahoo! Finance]

Strive, Inc. - Class A (ASST) 
Company Research Source: Yahoo! Finance
Reserve's looming rate cut while a new corporate treasury announcement shows unfazed commitment for BTC from traditional finance. Shares of Asset Entities (ASST) skyrocketed on Sept. 9 after shareholders approved a merger with Vivek Ramaswamy's Strive Enterprises to form a dedicated Bitcoin treasury company. Strive's $1.5 Billion Bitcoin Bet The rebranded firm, Strive Inc, plans to raise $1.5 billion to purchase Bitcoin, an amount that would place it among the top ten public corporate holders of the cryptocurrency. The company said the capital raise will be split evenly between $750 million from a private investment in public equity (PIPE) and $750 million from warrant exercises tied to the PIPE. At current market prices, this war chest could fund the acquisition of 13,450 BTC. Long-Term Ambitions Strive's longer-term ambitions are even bigger. When the merger was first proposed in May, the company floated the idea of acquiring 75,000 Bitcoin linked to claims from the co Show less Read more
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