Strive seeks to acquire 75,000 Bitcoins through Mt. Gox claims to establish a Bitcoin reserve

Odaily Planet Daily News: Vivek Ramaswamy's company Strive plans to acquire claims related to the bankrupt cryptocurrency exchange Mt. Gox at a discount to obtain Bitcoin, targeting 75,000 Bitcoins. According to regulatory filings submitted by Strive on May 20, the company has partnered with 117 Castell Advisory Group LLC to acquire Bitcoin claims that have received final legal judgments but have not yet been distributed. This move aims to increase Bitcoin holdings at a discount and raise the per-share Bitcoin holding before the reverse merger with Asset Entities is completed.
Strive needs shareholder approval to proceed with this acquisition, which is expected to be sought before Mt. Gox completes creditor compensation by October 31. This strategy reflects the industry trend of more companies incorporating Bitcoin as a long-term strategic asset into their balance sheets.