Coinspeaker
May 21, 2025
5 0

Strive Asset Management Plans 75,000-Bitcoin Treasury Acquisition

Strive Asset Management plans to build a 75,000-Bitcoin treasury by purchasing distressed BTC claims from the Mt. Gox exchange, with a creditor repayment deadline on October 31, 2025.

Partnership and Strategy

  • Strive formed a strategic partnership with 117 Castell Advisory Group LLC to secure legally recognized BTC claims.
  • This move aims to acquire Bitcoin below market price, enhancing its Bitcoin-per-share ratio ahead of a reverse merger with Asset Entities (ASST).
  • ASST’s stock surged 1,170% following the announcement, increasing its market cap to $122.1 million.

Market Context

  • The US economy faces debt and fiscal uncertainty, compounded by Moody’s downgrade of the government’s credit rating.
  • Jim Cramer emphasized the importance of alternative assets like gold and Bitcoin as hedges against economic instability.
  • Cramer stated that fear can lead to poor investment strategies.

Industry Trends

  • Japanese firm Metaplanet has become the most shorted stock in Japan despite a 121% gain over the past month.
  • BlackRock's iShares Bitcoin Trust attracted $46 billion in inflows since January 2024, acquiring 2,705 BTC in one day.
  • BlackRock may surpass Satoshi Nakamoto as the largest BTC holder by next summer, highlighting institutional confidence in Bitcoin.