Bitcoin Bonanza: Strive’s Hilarious Hunt for Discounted Digital Gold! 🤑

Ah, Strive! Founded by the ever-ambitious Vivek Ramaswamy, this audacious venture is eyeing a staggering 75,000 Bitcoins, those elusive digital coins tethered to the infamous Mt. Gox—an exchange that met its untimely demise in 2014, much like my last attempt at baking soufflé. These Bitcoins, you see, are part of claims that have received the legal nod but remain as distributed as my attention span during a dull lecture. By snatching them up, Strive hopes to snag Bitcoin at a bargain, thus inflating its crypto coffers faster than a balloon at a child’s birthday party. 🎈

The Plan Behind the Purchase

In a filing dated May 20, Strive unveiled its partnership with the 117 Castell Advisory Group, a name that sounds like a secret society of financial wizards. This strategic alliance is purportedly designed to enhance its Bitcoin-per-share ratio ahead of a reverse merger with Asset Entities, a deal that is expected to conclude by mid-2025—just in time for the next great Bitcoin bubble, or perhaps a new season of reality TV. Interestingly, Strive has yet to disclose any Bitcoin holdings, but they assure us they possess more flexibility than your average public company when it comes to acquiring BTC. Flexibility, indeed! Like a yoga instructor on a caffeine high. 🧘‍♂️

What’s Next? Shareholder Green Light

Before embarking on this grand adventure, Strive must first secure the blessing of its shareholders. The firm is preparing a filing for the SEC, along with a proxy statement that will outline the deal and seek the proverbial green light. Meanwhile, Mt. Gox is expected to repay its creditors by October 31, which means Strive must act faster than a cat chasing a laser pointer. 🐱

Once the titan of Bitcoin exchanges, Mt. Gox was brought to its knees by a 2014 hack that vaporized 750,000 BTC. Creditors have been waiting longer for repayment than I have for my last online order, and now companies like Strive are swooping in to snatch up discounted claims like kids at a candy store. 🍬

A Trend Among Bitcoin Treasury Firms

Strive is not alone in this digital gold rush. New players like Twenty One Capital, backed by Tether and SoftBank, are also diving headfirst into the Bitcoin treasury game, planning to launch with tens of thousands of BTC. It’s like a high-stakes poker game, and everyone’s got their chips on the table!

Moreover, Strive’s merger partner, Asset Entities (ASST), has seen its stock soar like a kite in a hurricane, jumping 18.2% on May 20 and up a jaw-dropping 1,170% since the merger news broke. Once the deal is sealed, Strive will control a whopping 94.2% of the merged entity, which will continue to trade under the ASST ticker—because why not? 🎉

Strive Joins the Bitcoin Rush

In summary, Strive’s audacious move to acquire more Bitcoin mirrors the strategies of big players like Michael Saylor’s Strategy and Japan’s Metaplanet. Just this week, Strategy snagged 7,390 BTC worth nearly $765 million, bringing its total stash to over 576,000 BTC. Metaplanet also added 1,004 BTC, now holding a total of 7,800. It seems everyone is racing to load up on Bitcoin, and Strive is determined to join the fray—because who wouldn’t want to be part of this digital circus? 🎪

Read More

• Vampire’s Fall 2 redeem codes and how to use them (June 2025)

• Cookie Run: Kingdom Marshmallow Bunny Cookie Guide: How to unlock, Best Toppings, and more

• Top 5 Best Mobile Games to play in June 2025

• LCP teams, CFO and GAM, bring the underdog power to MSI 2025

• Clash Royale Best Boss Bandit Champion decks

• David Beckham acknowledges estranged son Brooklyn as he credits mum Sandra for ‘always being there’ on her 76th birthday – amid growing rift with his eldest child

• Magic Chess: Go Go Commander Tier List

• Crunchyroll vs. Lord of Mysteries? Unpacking the controversies around the rising Chinese anime

• Rumi’s Shocking Demon Heritage in KPop Demon Hunters Blow Fans’ Minds

• ETH PREDICTION. ETH cryptocurrency

2025-05-21 09:33