Strive to acquire 75,000 Bitcoins of "Mt.Gox claims" at a low price, aiming to establish BTC reserves for an IPO.

Strive Asset Management plans to acquire up to 75,000 bitcoins of the late exchange Mt. Gox's debt, which aims to expand its Bitcoin reserves at a discount and transform itself into a listed company, highlights the institution's active layout and innovative strategy in the cryptocurrency space. (Synopsis: Mt.Gox hacked again? A large number of creditor accounts have "abnormal logins" and the official website is paralyzed) (Background supplement: Mt. Are there arbitrage opportunities for Gox repayment? Analyst: Long BTC, short BCH is the most effective neutral strategy) Amid the continued influx of institutional funds into Bitcoin, Strive Asset Management (Strive), an asset management firm founded by Vivek Ramaswamy, a well-known American businessman who supports Trump, is adopting an unconventional strategy to significantly increase its bitcoin holdings. According to recently disclosed regulatory filings, Strive plans to remove Mt, the world's largest bitcoin exchange, from the former world's largest bitcoin exchange, which has been bankrupt for years. The acquisition of up to 75,000 bitcoin-related claims by Gox's creditors not only provided Strive with the opportunity to acquire bitcoin at a potential discount, but also paved the way for its planned merger with Asset Entities to become a publicly traded company focused on bitcoin reserves, reflecting the institution's innovative thinking and competitive posture in its fight for market share. Strive's core plan is through the acquisition of Mt. About 75,000 bitcoins in Gox's bankruptcy case, accumulating its bitcoin inventory at a below-market price. According to regulatory filings filed on May 20 this year, Strive has partnered with 117 Castell Advisory Group LLC to focus on acquiring bitcoin claims that have received a final legal ruling but are still awaiting distribution. Strive noted that buying these claims will allow it to buy bitcoin at a discounted price and effectively increase its bitcoin holdings per share ahead of its planned reverse merger with Asset Entities, which is expected to close by mid-year. This operation demonstrates Strive's aggressive and forward-looking asset allocation. Mt. Gox Legacy: The Last Discount Bitcoin? Mt. Gox, once the world's largest bitcoin exchange by trading volume, went bankrupt in 2014 after suffering a serious security breach that lost about 750,000 bitcoins (worth hundreds of millions of dollars at the time and now worth tens of billions of dollars), which caused a huge shock to the early cryptocurrency market. Today, the distribution of its legacy claims has become the focus of market attention. To execute the acquisition, Strive chose to partner with 117 Castell Advisory Group, which specializes in the identification and evaluation of distressed bitcoin claims. Strive believes that the reverse merger listing path adopted by Strive will face fewer restrictions on the purchase of bitcoin claims than through a special purpose acquisition company (SPAC), and the chart below shows Strive's comparison of the advantages and disadvantages of the two listing methods: The advancement of this plan is still subject to shareholder approval, and Strive intends to file a detailed document with the U.S. Securities and Exchange Commission (SEC) setting out all the terms of the proposed transaction. A proxy statement will then be sent to shareholders for formal approval. Notably, according to relevant information, Mt. Gox expects to complete the repayment process to its creditors by October 31 this year, which sets a relatively clear timeline for Strive's acquisition. Market Reaction and New Trends in Institutional Bitcoin Adoption More and more companies are choosing to include Bitcoin on their balance sheets as a long-term strategic asset, the most well-known example being MicroStrategy, a business intelligence company that has accumulated large bitcoin reserves, and Strive's strategy of acquiring non-performing assets does provide a potential cost advantage if it successfully addresses administrative costs and uncertainty compared to buying bitcoin directly from exchanges or miners. With Mt. With the Gox repayment deadline approaching and institutional interest in bitcoin continuing to heat up, this "discounted bitcoin" approach is bound to become the focus of the financial community in the future and may provide new ideas for other institutions seeking to enter the bitcoin space. Related Stories Unleash $2 trillion! The United States intends to reduce the bank's "supplementary leverage ratio SLR" to loosen restrictions since the 08 financial crisis, and the MEXC exchange will introduce 1000 times leverage? Live in the palace or sleep in the park Bitcoin cannot be subject to customs duties! After the end of deleveraging, BTC will welcome a great trading opportunity? "Strive acquires 75,000 bitcoins of "Mt.Gox debt" at a low price, aiming to build BTC reserves and go public" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".