Odaily News Vivek Ramaswamy's company Strive plans to acquire Bitcoin at a discount by acquiring claims related to the bankrupt cryptocurrency exchange Mt. Gox, targeting 75,000 Bitcoins. Strive said in a regulatory filing on May 20 that it has partnered with 117 Castell Advisory Group LLC to acquire Bitcoin claims that have received final legal judgments but have not yet been distributed. The move is intended to increase Strive's holdings of Bitcoin at a discount and increase its holdings per share of Bitcoin before the completion of its reverse merger with Asset Entities.
Strive needs shareholder approval for the acquisition and is expected to seek approval before Mt. Gox completes its creditor payout by October 31. The strategy reflects an industry trend of more and more companies adding Bitcoin to their balance sheets as a long-term strategic asset. (Cointelegraph)