Strive Enterprises is collaborating with 117 Castell Advisory Group to purchase distressed Bitcoin claims, specifically targeting those associated with the Mt. Gox bankruptcy from 2014, which involves around 75,000 BTC valued at approximately $8 billion. The strategic partnership aims to acquire claims with confirmed judgments and pending distributions in hopes of gaining Bitcoin exposure at a discount. Furthermore, Strive plans to merge with Nasdaq-listed Asset Entities, enabling it to become publicly traded while leaving operations under its name. The combined entity is also looking to raise up to $1 billion through equity and debt offerings to bolster its Bitcoin holdings, with the goal of enhancing BTC exposure per share and outperforming Bitcoin's price performance in the long run.

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