Strive Asset Management, which is in the process of becoming a publicly traded ‘bitcoin treasury company,’ announced $750m in new funding on Tuesday.

The private investment in public equity (PIPE) financing comes from institutional investors as well as Strive management. The total investment can grow to $1.5bn with the exercise of warrants, according to a company release.

Strive, which was co-founded by former presidential hopeful and current Ohio gubernatorial candidate Vivek Ramaswamy, is entering into a reverse merger with Asset Entities, which already is a public company.