Vivek Ramaswamy-backed Strive filed notice of plans to acquire claims representing 75,000 Bitcoin from the defunct Mt. Gox exchange.
The strategy aims to bulk up Strive’s Bitcoin per-share ratio before a reverse merger with marketing firm Asset Entities, expected mid-2025.
Buying claims rather than spot Bitcoin could secure a steep discount if payouts occur as scheduled by 31 Oct.
Shareholder approval needed
Strive said it will issue a proxy statement detailing terms and must persuade investors that the gamble beats simply buying BTC on the open market.
Mt. Gox creditors await restitution after a 2014 hack drained some 750,000 coins, making the pool of legal claims a specialized secondary market.
Broader treasury trend
Twenty One Capital and other newly minted firms are amassing Bitcoin balances, echoing MicroStrategy’s earlier playbook as more corporates treat BTC as a strategic reserve.