Ramaswamy Says ‘Highly Likely' He'll Run for Ohio Governor
Vivek Ramaswamy said he's preparing to run for governor in his home state Ohio, after dropping out of a project to slash the size of the federal government.
'That's highly likely what I'm moving towards and taking really serious steps towards looking at,' he said at the iConnections Global Alts conference in Miami Beach on Tuesday.
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Fox News
2 days ago
- Fox News
Newsom compared to infamous Dem governor who also tried to block National Guard
Vivek Ramaswamy said he sees parallels between California Gov. Gavin Newsom and another controversial Democratic governor who literally stood in the way of the National Guard and had well-known presidential ambitions. Newsom is beginning to "resemble" former Alabama Gov. George Wallace in several aspects of his response to Los Angeles' riots, Ramaswamy claimed Tuesday on Fox News' "Jesse Watters Primetime." The Ohio gubernatorial candidate noted how Wallace – an avowed segregationist who ran for president four times – forced the hand of President John F. Kennedy by preventing Black students from attending the University of Alabama. "[Newsom's] behavior is starting to resemble that of another Democratic governor from U.S. history by the name of George Wallace, who was the governor of Alabama, who famously stood in the way of federal desegregation," Ramaswamy said. "The parallels are actually pretty striking, if you think about it: Democrat governors, when you look at George Wallace, he resisted desegregation. Gavin Newsom is resisting deportations. George Wallace wanted segregated cities. Gavin Newsom wants sanctuary cities. George Wallace stood in the school door, blocking the way. Gavin Newsom is blocking the ICE vans. It's the same Democrat-governor playbook." The former DOGE co-leader said both Newsom and Wallace "dodge[d] the feds and rall[ied] the radicals." "What they were both doing is really carving their Democratic primary path for their presidential ambitions," he added. "Gavin Newsom's presidential ambitions are going to end in the same place that George Wallace's did: In the dustbin of history where it belongs." In June 1963, Wallace prevented two Black students – Vivian Malone and James Hood – from enrolling on the Tuscaloosa campus of the University of Alabama and made his infamous "stand in the schoolhouse door." After Wallace refused Deputy Attorney General Nicholas Katzenbach's order to step aside, he delivered a pro-states-rights speech and did not budge. Kennedy federalized the Yellowhammer State's National Guard under the Insurrection Act. Gen. Henry Graham personally confronted Wallace, who ultimately relented. The next year, Wallace primaried President Lyndon Johnson and notably won a few northern states he had targeted on his segregationist platform – but lost to the incumbent. In 1968, he tried again on the American Independent line with a counter-civil-rights message – splitting the Democratic vote, winning five states and helping ultimate victor Richard Nixon. During his 1976 run, he apologized for his past support for segregation. This week, Newsom objected to President Donald Trump's federalization of the California National Guard and the ensuing deployment of 700 Marines to Los Angeles to assist in riot response. Late Tuesday, Clinton-appointed federal Judge Charles Breyer rejected a Newsom request to block Trump's military deployments. Newsom continued to lambaste Trump, saying in a video statement Tuesday that, "authoritarian regimes begin by targeting people who are least able to defend themselves, but they do not stop there." Newsom also took heat for his riot response strategy from some famous Los Angeles residents, including actor Jon Voight. "You fool," Voight fumed in an X video posted early Wednesday. "They [the rioters] would burn you down like they are burning the cars and the American flag." Fox News Digital reached out to Newsom for comment but did not immediately hear back.
Yahoo
02-06-2025
- Yahoo
Vivek Ramaswamy's Strive Secures $750M To Kick Off Bitcoin Treasury Business
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strive Asset Management and Asset Entities have unveiled their first capital raise to get the ball rolling on their Bitcoin treasury business. Strive intends to differentiate itself in the Bitcoin treasury space with alpha-generating strategies. Asset Entities stock is up over 1,000% since the firm announced a merger with Strive. The rush on Bitcoin by corporations is showing no signs of slowing. Among the latest firms to jump on the bandwagon is Strive Asset Management, the financial services firm co-founded by billionaire and former presidential candidate Vivek Ramaswamy. Roughly three weeks after announcing a merger with Asset Entities (NASDAQ:ASST) that would see the combined company form a public Bitcoin treasury venture, Strive has unveiled its first capital raise to get the ball rolling on the business. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Strive and Asset Entities said on Tuesday that they had secured $750 million through a private investment in public equity to fund their first round of Bitcoin purchases. They said that the transaction included warrants that could allow for an additional $750 million in financing, potentially increasing the proceeds to $1.5 billion. If all warrants are exercised, the firm could launch with the fifth largest Bitcoin holdings among public firms, according to The modus operandi for Bitcoin treasury firms has so far been to raise capital through some form of low-interest debt or equity offering to purchase Bitcoin at market price, yielding returns for shareholders when the asset rises. Strive intends to do this while leveraging its asset management expertise to incorporate alpha-generating strategies that aim to outperform Bitcoin. Trending: New to crypto? on Coinbase. The alpha-generating strategies that have been outlined by Strive include acquiring biotechnology firms trading below their cash balance to unlock discounted cash, acquiring distressed Bitcoin claims and purchasing bottom tranches of structured Bitcoin credit vehicles. The firm already has the ball rolling on at least one of these efforts. It said last week that it was considering the purchase of 75,000 BTC worth of distressed claims tied to the defunct Mt. Gox exchange. Using these strategies, Strive intends to acquire Bitcoin at a significant discount to market value. Strive CEO Matt Cole said Tuesday at Bitcoin 2025 that this will enable the firm to outperform Bitcoin, regardless of whether its value increases or decreases. 'We're alpha seekers. And when you think about how to value a company that's doing both Bitcoin accumulation through beta strategies that accrue value to common equity shareholders and alpha, you have to think about the valuation framework differently. And our belief is that it should be higher,' Cole said, arguing that Strive deserved a higher valuation to net asset value than the competition. Asset Entities stock is up over 1,000% since the firm announced a merger with Strive. On the day, however, the stock price fell over 12% during normal trading hours but gained 4% after hours. Meanwhile, Bitcoin is trading near $108,000 at last look, up 13% in the past month but down 1.2% on the day. Read Next: A must-have for all crypto enthusiasts: . Hasbro, MGM, and Skechers trust this AI marketing firm — Image: Shutterstock Send To MSN: 0 This article Vivek Ramaswamy's Strive Secures $750M To Kick Off Bitcoin Treasury Business originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Yahoo
Wells Fargo sees rise of companies holding Bitcoin on balance sheets
-- Wells Fargo says Bitcoin is entering an 'institutional phase,' marked by the emergence of a new category of companies—what it calls 'Bitcoin Treasury Corps'—that are using capital markets to amass large Bitcoin holdings. 'Bitcoin is becoming institutionalized,' the firm wrote in a note, pointing to an expanding group of firms 'that use the capital markets to build bitcoin holdings.' Following the success of Strategy (formerly MicroStrategy), Wells Fargo highlighted three new Bitcoin Treasury Corps with political ties: Cantor/Tether's Twenty One, Vivek Ramaswamy's Strive, and David Bailey's Nakamoto. Together, these groups may raise as much as $25 billion. While Coinbase's inclusion in the S&P 500 is seen as 'a key symbolic milestone,' Wells Fargo argued that 'more important in our view is the growing number of Bitcoin Treasury Corps being minted.' The rise of spot Bitcoin ETFs has also accelerated institutional exposure. ETFs have attracted $136 billion in assets under management just 16 months after launch, including $11 billion in year-to-date inflows to BlackRock's IBIT, currently fourth among all ETFs. But Wells Fargo sees even greater impact ahead. 'If ETFs are a bridge between investment capital and bitcoin, the flood of new bitcoin treasury corps may become an even bigger source of AUM,' the note said. 'Strategy, the pioneer in using equity markets to fund a bitcoin treasury, is setting its sights on the $300 trillion global bond market with STRK and STRF,' said Wells Fargo. Wells Fargo believes this effort to tap the $300 trillion global bond market 'might be the most underappreciated bitcoin story of 2025.' The firm expects more Bitcoin Treasury Corps to emerge as long as public markets continue assigning a premium to their Bitcoin holdings. Related articles Wells Fargo sees rise of companies holding Bitcoin on balance sheets BioNTech soars 15% on cancer drug deal with Bristol Myers Campbell Soup beats Q3 estimates, reaffirms guidance Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
