Latest news with #MattCole
Daily Record
12-06-2025
- General
- Daily Record
Call for RTS meter switch-off to be delayed to protect Scots living in rural communities
Scots are being urged to double check their energy meters ahead of the June 30 deadline. Scots living in rural communities could be left without hot water or heating when ageing energy meters are switched off at the end of the month, campaigners have warned. Households still reliant on Radio Teleswitch Service (RTS) meters are being urged to make an appointment with their energy provider as soon as possible to arrange for a replacement. The system dates back to the 1980s and uses a radio signal to tell meters to switch between different electricity price rates. Most households across Scotland, including those with older meters, will be unaffected by the change over this month. But homes that use electric storage heaters or pay different electricity rates at different times of the day are more likely to have RTS equipment fitted. From June 30, the radio signal that controls them will start to be switched off - with a risk customers could be left without heating and hot water. The Scottish Fuel Poverty Advisory Panel is now calling for a delay in the switch-off to ensure more households are prepared. "The switch-off should only happen once all critical RTS meters have been replaced, this removes the risk for households across Scotland, but particularly in many remote rural and island communities," said Matt Cole, the panel's chairman. "We recognise the RTS service uses old technology and its time is limited, but the priority must be to accelerate replacement of old RTS meters with newer smart meters before the radio wave service is switched off. "Some of the most vulnerable households in acute fuel poverty live in remote rural areas where RTS meters are common and we cannot risk disrupting their energy supply." Charlotte Friel, retail pricing director at Ofgem, said: "We have been continually monitoring the industry's efforts to replace RTS meters as this ageing infrastructure reaches the end of its life. "Last year we decided more needed to be done so convened the sector and made clear to suppliers they have to move faster. Following that intervention, the rate of meter replacements has increase from around 1,000 a month to more than 1,000 a day. "However suppliers need to do more and ensure customers are protected from detriment, which is why industry is putting in place a phased area-by-area shutdown beginning from June 30. "We have made clear that the signal serving a specific area should not be switched off until suppliers have demonstrated that they are ready and able to respond quickly to any issues customers experience. 'While this carefully managed phaseout should reassure customers that they will be protected, it remains crucial that these meters are replaced so I would urge customers to engage with their supplier when offered an appointment – even if it is after the June 30 date that marks the beginning of the process."
Yahoo
08-06-2025
- Business
- Yahoo
What It Will Take For A Bitcoin Treasury Company To Become 'The Berkshire Hathaway Of Bitcoin'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise strategist Jeff Park has weighed in on what it would take for a company to become 'the Berkshire Hathaway of Bitcoin.' Park has said financial leadership alone would not be enough for any firm to become the ideal Bitcoin treasury company. Public corporations have become the dominant players in the Bitcoin market in recent months. When it comes to shareholder value growth, few firms can hold a candle to Warren Buffett's Berkshire Hathaway (NYSE:BRK, BRK.B)). Between 1965 and 2023, the company delivered a compound annual growth rate of nearly 20% to its shareholders, outperforming the S&P 500 by approximately 10%. So, it makes sense that Strive Asset Management CEO Matt Cole last month cited Berkshire Hathaway when discussing the firm's aspirations in the Bitcoin treasury company space. 'We're going to be one of the major players in the space where I look at us as kind of the Berkshire Hathaway of Bitcoin Treasury companies,' he said at the time. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Achieving this goal, however, will be no easy task. "The Berkshire Hathaway of Bitcoin' would have to master three different return on equity strategies, said Top Bitwise strategist Jeff Park on Monday. These strategies include liability management, asset management and operating equity management. According to Park, however, Bitcoin treasury firms in their current form are not taking advantage of more than one approach. He put MicroStrategy (NASDAQ:MSTR), The Blockchain Group and Metaplanet's strategies under liability management. Strive and Twenty One's efforts were classified under asset management, while Kindly MD's (NASDAQ:KDLY) efforts were placed under operating equity management. Meanwhile, Park said financial leadership alone would not be enough for a Bitcoin treasury company to become 'the Berkshire Hathaway of Bitcoin.' After all, the Oracle of Omaha's firm is not only recognized for its financial success but also its stabilizing role during times of distress. Trending: New to crypto? on Coinbase. So, in addition to mastering the outlined ROE strategies, Park said the ideal Bitcoin treasury company would need to build its 'spiritual weight' by wholeheartedly supporting Bitcoin development and prioritizing the community over corporate interests. 'Bitcoin companies must embrace the same vision of classical liberalism as individuals, to pursue freedom, decentralization, and unity: principles that only open-source software can truly deliver, not the managerial politicians,' he said, adding that 'the best corporate leaders will see that the real opportunity isn't just in accumulating, but in becoming custodians of a future where individuals, not institutions, hold the keys.' Public corporations have become the dominant players in the Bitcoin market in recent months. Bitwise said in April that these firms purchased 95,000 BTC in Q1 alone, more than half of the approximately 165,000 BTC expected to be mined this year. And with the entry of players like Strive, Twenty One and Kindly MD into the space in recent weeks, the Bitcoin purchases look set to accelerate even more. Many expect that this demand will drive the asset's price significantly higher. Bitwise, for example, has set a year-end price target of $200,000. Fundstrat has set a target of $250,000. VanEck has set a target of $180,000. At last look, the asset is trading at over $106,000, up nearly 2% in the past 24 hours. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article What It Will Take For A Bitcoin Treasury Company To Become 'The Berkshire Hathaway Of Bitcoin' 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
03-06-2025
- Business
- Yahoo
95% of Meta shareholders want nothing to do with a Bitcoin Treasury
95% of Meta shareholders want nothing to do with a Bitcoin Treasury originally appeared on TheStreet. At Meta Platforms' annual shareholder meeting on May 30, shareholders overwhelmingly opposed a proposal to add Bitcoin to the platform's balance sheet, a trend that has gained prevalence in recent months. Shareholder Proposal 13, made by investor Ethan Peck representing the National Center for Public Policy Research, included a recommendation to convert some of the company's $72 billion in cash and marketable securities into Bitcoin as an inflation hedge and due to the lower yields in bonds. However, the vote tally showed that 4,980,828,562 shares (around 95%) were cast against the proposal, with only 3,916,871 cast in favor of it. Additionally, 8,857,588 shares were abstained from, and 204,772,865 were counted as broker non-votes. "While we are not opining on the merits of cryptocurrency investments compared to other assets, we believe the requested assessment is unnecessary," stated Meta's board. According to Bitcoin News, at Bitcoin 2025, Matt Cole, CEO of Strive Asset Management, stated, "You have already done step one. You have named your goat Bitcoin," he said. "My ask is that you take step two and adopt a bold corporate bitcoin treasury strategy," addressing Meta CEO Mark Zuckerberg. Meta's announcement falls in line with what other tech giants, most notably Microsoft and Amazon, have already done by rejecting any requests to add Bitcoin to their treasury reserves. However, Meta has begun to re-enter the cryptocurrency market, with research into integrating stablecoins like USDC and USDT into its platforms for content creator payments and cross-border transactions, according to Forbes. However, Andy Stone, Meta Communications Director, posted on X saying, "To be clear: as Mark said (and as the story notes), Diem is 'dead." There is no Meta stablecoin," while referring to the Libra Association, which was trying to create a stablecoin-like payments system back in 2019. At press time, Meta's stock is trading at $668.17, up over 3.19% in the last 24 hours. 95% of Meta shareholders want nothing to do with a Bitcoin Treasury first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. 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
- Business
- 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
28-05-2025
- Business
- Yahoo
Asset Entities signs $750M PIPE to fund Bitcoin acquisitions
Strive Asset Management and Asset Entities (ASST) announced the signing of a $750M private investment in public equity, with an additional $750M in potential financing available upon the exercise of warrants, which could increase total potential proceeds to $1.5B. Upon closing of the transactions, the proceeds are expected to support the company's first wave of Bitcoin acquisitions, with the goal of establishing Strive Asset Management as the first Bitcoin treasury company focused on long-term Bitcoin outperformance through the implementation of alpha-generating strategies, in addition to the company's plans to implement known beta strategies used by incumbent Bitcoin treasury corporations. A select group of leading institutional investors and Strive's management team, including CEO Matt Cole, participated in the financing, which is expected to close concurrently with the transaction under the merger agreement between Strive Asset Management and Asset Entities. The PIPE investment was priced at $1.35 per share of common stock, representing a 121% premium to the closing price of Asset Entities immediately before its merger announcement with Strive Asset Management. The exercise price for warrants in this PIPE transaction is $1.35 per share. Strive elected not to raise any debt financing in this transaction, to preserve maximal leverage capacity in the future to optimize returns for common equity. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ASST: Disclaimer & DisclosureReport an Issue Asset Entities, Strive Asset Management announces $750M PIPE Asset Entities Regains Nasdaq Compliance as of May 2025 Asset Entities Inc trading resumes Asset Entities Inc trading halted, volatility trading pause Asset Entities Stock (ASST) Skyrockets 455.7% as It Merges with Strive for Bitcoin Power Play 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
