Asset management firm Strike completes $750 million private equity financing and will deploy 'excess Bitcoin returns' strategy

BlockBeats News: On May 27th, asset management company Strike announced today that it has completed a $750 million private equity financing and will focus on deploying its "excess Bitcoin returns" strategic portfolio. The funds will be used to acquire biotech companies, problematic Bitcoin debt (such as Mt. Gox compensation rights), and discounted structured Bitcoin credit products.