Strive Asset Management aims to secure 75,000 Bitcoin by acquiring discounted Mt. Gox claims, paving the way for a planned merger with Asset Entities.
Partnering with Castell Advisory Group LLC, Strive seeks to bolster its Bitcoin holdings by purchasing claims tied to the bankrupt crypto exchange.
Strive's merger with Asset Entities, a Nasdaq-listed firm, will establish a new entity focused on Bitcoin investments, reflecting the growing trend of corporate Bitcoin treasuries.
The move aligns with other companies accumulating Bitcoin as a hedge against economic uncertainties, following in the footsteps of major players like MicroStrategy and Metaplanet.