Strive plans to acquire Mt. Gox claims and acquire 75,000 Bitcoins at a discount to strengthen reserves

US asset management company Strive is actively seeking to acquire 75,000 bitcoin claims related to the bankrupt exchange Mt. Gox at a discount price, a move aimed at increasing its bitcoin reserves and preparing for an upcoming reverse merger.

According to documents filed by Strive with the US Securities and Exchange Commission (SEC), the company has established a partnership with 117 Castell Advisory Group LLC to focus on acquiring Mt. Gox claims that have been legally determined but have not yet been distributed. Such claims allow Strive to obtain bitcoin at a cost far below the market price, enhancing its asset allocation advantage.

Mt. Gox was once the world's largest bitcoin trading platform. In 2014, 850,000 bitcoins were stolen due to a security breach and eventually went bankrupt. Although some assets were subsequently recovered, creditor compensation has been slow and is expected to be completed by October 31, 2025.

Strive said that compared with companies listed through special purpose acquisition companies (SPACs), it faces fewer regulatory restrictions on direct purchases of crypto assets, so it has greater flexibility to make such strategic acquisitions. The company plans to complete the transaction approval process as soon as possible and submit detailed agreement terms to the SEC, which will then be submitted to shareholders for voting.

At the same time, Strive is planning a reverse merger with social media marketing company Asset Entities to achieve a public listing. Once the merger is completed, Strive will hold 94.2% of the shares of the new entity after the merger. Asset Entities' stock code ASST has risen by more than 1,100% since the merger was announced, and its current market value is approximately US$122 million.

Through this claim acquisition and the upcoming merger, Strive hopes to establish a more solid market position in the field of crypto assets, increase the content of Bitcoin per share, and pave the way for future growth. Industry analysts believe that this strategy not only helps companies hedge against macroeconomic uncertainties, but also reflects the increasing attractiveness of Bitcoin as a "digital gold" asset.

As the crypto asset market matures, Strive's operating model may provide a reference for more institutional investors, that is, to build strategic cryptocurrency holdings at low cost by purchasing distressed assets or claims. As the time for the payment of Mt. Gox claims approaches, the liquidity and competition in the market will further heat up.