As institutional demand for Bitcoin accelerates, a bold player has emerged with an aggressive strategy—Strive, founded by entrepreneur and former U.S. presidential candidate Vivek Ramaswamy, is setting its sights on 75,000 BTC from the infamous Mt. Gox bankruptcy. This move could grant Strive access to $8 billion worth of Bitcoin—at a discount—right before going public on the New York Stock Exchange (NYSE).
A Strategic Leap for Crypto Domination
Strive has revealed in filings with the U.S. Securities and Exchange Commission (SEC) its intention to acquire legally recognized claims tied to Mt. Gox’s Bitcoin. These claims haven’t yet been paid out but represent a significant opportunity for early accumulation of discounted BTC—potentially enhancing Strive’s Bitcoin-per-share ratio.
To execute this high-stakes deal, Strive is collaborating with 117 Castell Advisory Group and is preparing to send out a shareholder proxy statement detailing the acquisition terms.
The move is not just about accumulating Bitcoin—it’s a tactical prelude to Strive’s reverse merger with Asset Entities, a Texas-based social media marketing firm trading under the ticker ASST. The merger, if approved, will give Strive a backdoor listing on the NYSE and control over 94% of the newly combined entity.
Mt. Gox Repayments Begin October 31
Why the rush? Time is ticking. The Japanese trustee overseeing the Mt. Gox bankruptcy has confirmed that creditor repayments will begin by October 31, 2025. Strive needs to secure shareholder approval and finalize the deal before this payout wave begins.
The collapsed Mt. Gox exchange, once the largest in the world, lost 750,000 BTC in a 2014 hack. After years of legal disputes, approved creditors are finally expected to receive partial compensation—opening the door for buyers like Strive to enter with significant leverage.
Investors React: Stocks Surge
Following Strive’s announcement, Asset Entities’ stock jumped 18%, closing at $7.74—an early sign of investor confidence in the Bitcoin reserve strategy. The newly merged company will retain both brand names while continuing to trade under the ASST ticker.
This strategic play signals more than just a business maneuver—it’s a calculated bet on the future of Bitcoin. Strive isn’t just entering the market; it’s attempting to dominate its corner by stacking BTC before Wall Street has fully caught up.
Crypto investors should keep a close eye on this unfolding deal. If successful, Strive could become a major institutional force in the Bitcoin space—and a potential trendsetter for how traditional finance intersects with crypto.
For more updates on groundbreaking crypto strategies and institutional adoption, visit:
👉 https://cryptodicenews.blog/
