Vivek Ramaswamy's Strike plans to establish Bitcoin reserves by acquiring 75000 bitcoins (worth approximately $8 billion) from bankruptcy related claims of Mt. Gox, with the aim of purchasing bitcoins at a discounted price and increasing per share Bitcoin holdings. Strive has submitted regulatory documents in collaboration with 117 Castell Advisory Group on May 20th, requiring shareholder approval to proceed with the transaction, as Mt. Gox is expected to close by 10