The post Strive Plans to Acquire 75,000 BTC from Old Mt. Gox Claims appeared on BitcoinEthereumNews.com.

Strive plans to acquire 75,000 BTC through Mt. Gox creditor claims before the October 2025 repayment deadline. The move is part of Strive’s strategy to go public with a strong Bitcoin reserve via reverse merger. Strive, a company that has recently become increasingly vocal in the crypto investment world, has planned to acquire around 75,000 BTC through the purchase of claims related to the bankruptcy of Mt. Gox—the legendary crypto exchange that collapsed in 2014 after a massive hack. Imagine if all of that Bitcoin was redeemed and put on the balance sheet of one company—it would be like a new, more aggressive version of MicroStrategy. BREAKING🚨 VIVEK RAMASWAMY’S STRIVE SEEKS TO ACQUIRE 75,000 $BTC FROM MT. GOX CLAIMS AT A DISCOUNT TO BOLSTER ITS BITCOIN TREASURY! pic.twitter.com/fwUtRKz6bs — CryptoSavingExpert ® (@CryptoSavingExp) May 21, 2025 A Race Against the Gox Clock Strive reportedly involved 117 Castell Advisory Group in the due diligence process and the purchase of the “distressed” claims, which reportedly already have legal status. This process is also part of the preparation for a reverse merger with a public company called Asset Entities Inc. that was announced in early May. They want to make Strive a public company that has Bitcoin in its reserves—a bit like a gold mining company but with crypto. According to legal documents from their advisor, Davis Polk, the merger is not expected to be completed until the second half of 2025. That means they don’t have much time, because the distribution of Mt. Gox assets is still ongoing. Gox to creditors is scheduled to be completed by October 31, 2025. So, it’s not just about strategy, but also chasing deadlines that could determine the success of this scheme. Strive Wants Cheap BTC and They’re Not Taking the Usual Route However, this is not…

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Filed under: News - @ May 21, 2025 9:24 am