Strive Asset Management Plans to Build 75,000 Bitcoin Treasury
- Strive Asset Management aims to acquire distressed Bitcoin claims from the bankrupt Mt. Gox exchange.
- The company plans to purchase these claims at a discount, enhancing its Bitcoin-per-share ratio.
- Strive is partnering with 117 Castell Advisory Group LLC for this acquisition.
- Shareholder approval is required before October 31, when Mt. Gox plans to repay creditors.
- Asset Entities, merging with Strive, saw an 18.2% stock rise on May 20, boosting its market cap to $122.1 million.
Strive Asset Management is strategically acquiring discounted Bitcoin claims from Mt. Gox to build a substantial Bitcoin Treasury of 75,000 BTC, pending shareholder approval before the October deadline for creditor repayment.
Source (2.6)https://coingape.com/strive-plans-to-build-its-75000-bitcoin-treasury-with-mt-gox-claims/?rand=24432
