Strive is looking to acquire 75,000 Bitcoin from claims related to the bankrupt exchange Mt. Gox, aiming to purchase the cryptocurrency at a discount. This follows a regulatory filing where Strive partnered with 117 Castell Advisory Group LLC to target Bitcoin claims that received definitive legal rulings but are pending distribution. The acquisition would allow Strive to enhance its Bitcoin per share ratio ahead of its intended public listing expected around mid-2025. Strive has not disclosed any current Bitcoin holdings, but it anticipates fewer restrictions on purchasing Bitcoin compared to firms using Special Purpose Acquisition Company mergers. The company plans to seek shareholder approval soon, as Mt. Gox's resolution process is anticipated to finalize by October 31, 2025. Strive's initiative to build a Bitcoin treasury aligns with a broader industry trend, as more companies aim to include Bitcoin as a strategic asset on their balance sheets. An affiliated company, Asset Entities, involved in a merger to form a Bitcoin investment entity, has already seen significant stock price increases, reflecting investor optimism about this venture.

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