Vivek Ramaswamy jumps on the next new thing, a Bitcoin treasury company, with a 'mad science' twist -- a reverse merger and tax-advantaged investments to build a $1 billion crypto horde

Dead in the water. Why would an investor who has amassed a big stake in BTC (probably by buying and holding for a number of years), give up their bitcoin to a group of outsiders managing an entity they can't control? For some tax advantage? F-ing stupid. Given that within the next couple of years BTC will be a lendable asset (actually already is), the appropriate strategy is to hold the BTC and borrow against it if you need fiat. Strive obviously knows that, and that's what they're promoting in their pitchdeck! Next, so Strive intends to roll-up "zombie" companies with operations they have to wind down for some incremental excess cash on the target's balance sheet? WTF? Don't you think there are plenty of P/E firms out there looking at these "opportunities". If the excess cash is really on these balance sheets why doesn't the management team shut their companies down themselves? I respect Ramaswamy and generally like his ideas, but this is just stupid.