Strive Asset Management plans to build a 75,000 Bitcoin treasury by purchasing claims from Mt. Gox, valued at about $8 billion.
The company aims to secure shareholder approval before Mt. Gox completes repayments by October 31 and merge with Asset Entities to become the first publicly-traded BTC-focused asset management firm.
Strive's strategy involves tax-efficient methods to increase Bitcoin exposure per share and raise up to $1 billion through equity and debt offerings for buying the digital asset.
Other firms like Strategy and Metaplanet are also expanding their Bitcoin reserves, with Strategy recently acquiring 7,390 BTC and Metaplanet adding 1,004 BTC.