Strive Asset Management, led by Vivek Ramaswamy, aims to acquire 75,000 Bitcoin through purchasing Mt. Gox bankruptcy claims.
The move is part of a strategy to build a significant Bitcoin treasury before a planned reverse merger with NASDAQ-listed Asset Entities Inc.
The approach involves buying creditor claims at a discount to accumulate Bitcoin without direct market purchases, and aims for shareholder approval soon.
Other firms, like Twenty One Capital and Basel Medical Group, are also making significant moves to hold large amounts of Bitcoin, reflecting a broader trend in institutional adoption.