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Coin Telegraph

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Image Credit: Coin Telegraph

Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

  • Strive aims to build its Bitcoin treasury by purchasing 75,000 Bitcoin claims from Mt. Gox at a discount through a partnership with 117 Castell Advisory Group LLC.
  • The company plans to increase its Bitcoin holdings to enhance its Bitcoin per share ratio before a reverse merger with Asset Entities, expected to be completed mid-year.
  • Strive will need shareholder approval to pursue Mt. Gox claims and intends to file details of the transaction with the SEC followed by a proxy statement for shareholders' consent.
  • The move by Strive to become a Bitcoin treasury company aligns with the industry trend of firms incorporating Bitcoin as a strategic asset on their balance sheets for the long term.

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