Strive Asset Management Seeks $8 Billion from Mt. Gox Bankruptcy for Bitcoin Treasury

Strive Asset Management is taking a strategic approach to capitalize on the Mt. Gox bankruptcy by aiming to build a $8 billion Bitcoin treasury. The company has partnered with 117 Castell Advisory Group LLC to identify and acquire claims related to the bankrupt crypto exchange, which represents a significant opportunity for investors seeking exposure to Bitcoin’s value at potentially lower prices. This initiative follows Strive’s announcement of its merger with Asset Entities. The deal, expected to go public following shareholder approval by October 31st, will create the first publicly-traded asset management firm specializing in Bitcoin.