Strive Seeks to Take 75,000 Bitcoins from Mt. Gox Claim to Build Bitcoin Reserve

Odaily Planet Daily News Vivek Ramaswamy's company Strive plans to acquire Bitcoin at a discount by acquiring claims related to the bankrupt cryptocurrency exchange Mt. Gox, targeting 75,000 Bitcoins. Strive said in a regulatory filing on May 20 that it has partnered with 117 Castell Advisory Group LLC to acquire Bitcoin claims that have received final legal rulings but have not yet been distributed. The move is intended to increase Bitcoin holdings at a discount and increase Bitcoin holdings per share before Strive's reverse merger with Asset Entities is completed. Strive needs shareholder approval for this acquisition and is expected to seek approval before Mt. Gox completes creditor compensation by October 31. This strategy reflects the industry trend of more and more companies incorporating Bitcoin as a long-term strategic asset into their balance sheets. (Cointelegraph)