Strive plans to acquire Mt. Gox claims and establish a Bitcoin reserve

May 21, 2025 08:58:39

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ChainCatcher news, according to Cointelegraph, Strive, a company founded by Vivek Ramaswamy, is seeking to acquire the 75,000 Bitcoin claims of the bankrupt exchange Mt. Gox at a discounted price to expand its Bitcoin reserves. The company has partnered with 117 Castell Advisory Group LLC, targeting Bitcoin claims that have received clear legal rulings but have not yet been allocated. Strive plans to transform into a Bitcoin investment company through a reverse merger with Asset Entities, expected to be completed by mid-year. Since the announcement of the merger plan, Asset Entities' stock price has increased by 1,170%, with a market capitalization of $122 million.

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