Bitcoin

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<h2 id="key-points">Key Points</h2>
<ul>
 <li>Strive Asset Management plans to acquire approximately 75,000 BTC through discounted bankruptcy claims.</li>
 <li>The firm is preparing for a reverse merger with Texas-based Asset Entities, aiming for a NYSE listing.</li>
</ul>
<p>Strive Asset Management, co-founded by Vivek Ramaswamy, is planning a significant acquisition of <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>.</p>
<p>The firm has set its sights on claims from the defunct Mt. Gox exchange.</p>
<h2 id="strive-s-bitcoin-acquisition-strategy">Strive’s Bitcoin Acquisition Strategy</h2>
<p>According to a recent SEC filing, Strive intends to acquire around 75,000 BTC, valued over $8 billion, via discounted bankruptcy claims.</p>
<p>The company aims to enhance its Bitcoin per share and outperform the asset in the long run.</p>
<p>Strive is currently working with 117 Castell Advisory Group to evaluate legally confirmed claims and is awaiting shareholder approval.</p>
<p>The firm is also preparing an SEC Form S-4 registration to advance the proposal.</p>
<h2 id="reverse-merger-with-asset-entities">Reverse Merger with Asset Entities</h2>
<p>Strive’s plans coincide with its preparations for a reverse merger with Texas-based social media marketing firm Asset Entities.</p>
<p>Strive has not disclosed any current Bitcoin holdings but claims it will face fewer regulatory challenges compared to companies going public via SPAC mergers.</p>
<p>If the merger is successful, Strive will secure a listing on the New York Stock Exchange and control 94% of the merged company.</p>
<p>Asset Entities’ shares have seen a significant surge since the merger announcement on 7 May.</p>
<p>Its shares rose by 25.45% to $9.70 by 20 May.</p>
<p>Concurrently, Bitcoin was trading at over $111, 000.</p>
<p>Upon completion of the reverse merger, Strive will own 94.2% of the newly formed Bitcoin investment company, with Asset Entities retaining a 5.8% stake.</p>
<p>With Mt. Gox planning to repay creditors in full by October 2025, Strive faces a limited window to finalize shareholder approval for its Bitcoin acquisition strategy.</p>

Strive to Acquire 75,000 Mt. Gox Bitcoin for Treasury Expansion Pre-Merger

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CoinEagle.com

Other articles published on May 22, 2025

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