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Strive Asset Management Eyes $8B in Bitcoin from Mt. Gox Claims

  • 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.

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