Strive seeks to obtain 75000 bitcoins through Mt. Gox claim to establish Bitcoin reserves

Odaily Planet Daily News: Vivek Ramaswamy's company, Strike, plans to acquire 75000 bitcoins at a discounted price by acquiring debt related to the bankrupt cryptocurrency exchange Mt. Gox. In a regulatory filing submitted on May 20th, Strike stated that it has partnered with 117 Castell Advisory Group LLC to acquire Bitcoin debt that has received final legal rulings but has not yet been allocated. This move aims to increase holdings of Bitcoin at a discounted price and increase per share holdings of Bitcoin before the reverse merger between Strike and Asset Entities is completed. Strive needs shareholder approval to proceed with this acquisition and is expected to seek approval before Mt. Gox completes creditor payouts by October 31st. This strategy reflects the industry trend of more and more companies incorporating Bitcoin as a long-term strategic asset into their balance sheets. （ Cointelegraph）