FX.co ★ #Bitcoin chart analysis

BTCUSD Daily Time Frame As more and more corporations use equity, convertible debt, perpetual stock, and, more recently, special purpose acquisition mergers to finance their ambitions, the trend of public crypto-buying companies has driven Bitcoin's price increase to $124,450. Because it depends less on speculative capital raises, dilution, and unclear deal timescales, Strive chose a reverse-merger structure, which is thought to be safer than the faster-paced SPACs. Strive intends to use $750 million from a Private Investment in Public Equity (PIPE) and an additional $750 million that may be obtained through the execution of warrants offered under the PIPE to finance its $1.5 billion Bitcoin purchases. The company would be able to purchase 13,450 Bitcoin at current market values with the $1.5 billion planned financing, placing it among the top 10 corporate Bitcoin holding companies. The Nasdaq Stock Market LLC must approve Strive's listing application, among other requirements, before the merger can close. Since its founding in 2022 by Anson Frericks and Ramaswamy, a biotech entrepreneur who campaigned for president last year and is vying for governor of Ohio next year, Strive has amassed $2 billion in assets. Before the reported merger with Strive, Asset Entities, a social media marketing company, had no active participation with Bitcoin or the cryptocurrency space. A total of one million Bitcoin are now held by public companies, making up 5.1% of the total amount of Bitcoin in circulation. With 638,460 BTC valued at $71.2 billion, Michael Saylor's strategy is still leading the Bitcoin accumulation race. MARA Holdings and XXI are in third place with 52,477 BTC and 43,514 BTC, respectively.