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Strive completes $750 million PIPE financing and plans to acquire Mt. Gox Bitcoin claims.
Gate News bot reported that, according to CoinDesk, Strive has completed a $750 million private equity investment (PIPE) financing. The company has also secured an additional $750 million in warrant financing options.
Strive plans to use this funding for the development of its Bitcoin business. The company previously announced that it is focusing on the $7.9 billion Mt. Gox Bitcoin claims. At the same time, Strive is preparing to establish a Bitcoin vault and plans to go public through a merger with Asset Entities (ASST).
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