Strive Asset Management, the company co-founded by Vivek Ramaswamy, announced its plans to build its 75,000 Bitcoin Treasury by purchasing distressed BTC claims at a discount from bankrupt crypto exchange Mt. Gox. Amid US economic uncertainties and rising debt, more and more companies are willing to add BTC to their balance sheets. Strive Shares Plans to Buy Bitcoins At A Discount In its May 20 SEC filing, Strive revealed its partnership with 117 Castell Advisory Group LLC to acquire claims to Bitcoin (BTC), which have already been legally received but are awaiting distribution from Mt. Gox. The firm further stated that acquiring these claims will allow it to purchase BTC at a discount to build its own Bitcoin Treasury. This would help to boost its Bitcoin-per-share ratio ahead of its anticipated reverse merger with Asset Entities, expected to close by mid-year. In order to pursue the Mt. Gox claims, Strive… Read More at Coingape.com
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