Strive Merger Spurs BTCUSD Rally as Boards Approve Bitcoin Treasury Company
Boards approved a merger with Vivek Ramaswamy’s Strive to form a Bitcoin treasury company, subject to standard closing conditions.
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Boards approved a merger with Vivek Ramaswamy’s Strive to form a Bitcoin treasury company, subject to standard closing conditions.
Bitcoin (BTCUSD) slipped about 0.58% while MicroStrategy (MSTR) rose roughly 1.66% in the brief update, indicating modest crypto volatility and mixed flows.
Metaplanet will issue 385M shares to raise about $1.4B to buy bitcoin, raising holdings to 20,136 BTC as it shifts treasury reserves to BTC amid yen weakness.
Metaplanet bought 1,009 BTC (~$112M), raising its treasury to 20,000 BTC and plans a ¥130bn international share offering to fund more purchases; CEO may borrow against holdings. Company stock dipped …