Strive plans to acquire 75,000 BTC by purchasing claims related to the bankruptcy of Mt. Gox before the October 2025 repayment deadline.
The acquisition is part of Strive's strategy to go public with a substantial Bitcoin reserve through a reverse merger with Asset Entities Inc.
Strive is aiming to secure cheap BTC through this unconventional approach, distinct from traditional methods like spot purchases or ETFs.
While the strategy seems ambitious, there are uncertainties regarding the execution and potential risks associated with buying claims from bankrupt exchanges.