Slash Raises $41M to Reinvent Vertical Banking for Crypto, Ads, and More
Two Gen Z college dropouts just pulled off one of fintech’s boldest pivots — and it’s paying off in millions. Victor Cardenas and Kevin Bai, cofounders of the neo-bank Slash,
Two Gen Z college dropouts just pulled off one of fintech’s boldest pivots — and it’s paying off in millions. Victor Cardenas and Kevin Bai, cofounders of the neo-bank Slash,
The acquisition follows months of speculation and comes after GameStop hinted at a broader GameStop cryptocurrency investment strategy in March, when it announced plans to raise $1.3 billion through a convertible note offering.
Priced at $1.35 per share, the PIPE represents a 121 percent premium over Asset Entities’ (ASST) previous closing price. The deal structure includes no debt, allowing Strive to preserve future borrowing capacity and maximize equity-driven returns.
The raise consists of $1.5 billion in newly issued common stock and $1 billion in convertible senior secured notes. The transaction is expected to close on May 29, with crypto custody to be handled by Crypto.com and Anchorage Digital.
As of May 26, 2025, Aptos (APT) trades at approximately $7.39, marking a 7.24% daily recovery. The current market capitalization stands at $3.42 billion, with a circulating supply of 633.2 million tokens. Aptos achieved its all-time high of $19.90 in January 2023 and its all-time low of $3.09 in December 2022.