The assets seek the eyes of $ 8 billion in Bitcoin from the demands

Strive Asset Management has announced an initiative to build 75000 Bitcoin (BTC) wardrobe by purchasing claims from Crypto Exchang MT. Gox.

These claims, which are estimated at about $ 8 billion at the current market prices, have been legally approved but not distributed yet.

Disciplinary claims from Jooks Mountain

On May 20 presentation With the US Securities and Exchange Committee (SEC), Strive has announced that it had entered a partnership with 117 CASTell Consultant Group LLC. The deal focuses on identifying and evaluating the stalled BTC claims, including those received from MT. Gox Estate.

The company said that its strategy aims to buy BTC exposure at lower prices than the market, which may increase the price of the original for the share. This would also support his long -term goal is the best performance of the leading currency.

To move forward in the transaction, you intend to strive to submit a full file to the SEC setting the terms of the proposal. Asset Entities (ASST), a social media marketing company that will soon be integrated with the company, distributes an agent and construction of the stakeholders for approval.

MT. dealt with Gox, which was once the largest Bitcoin exchange, to about 70 % of BTC’s global transactions before its collapse in 2014 due to many security violations that led to the theft of about 750,000 BTC. This has led the platform for bankruptcy, which ended in the lengthy rehabilitation process to compensate the creditors.

Since the Japan -based stock exchange is to complete the payment by October 31, the endeavor must obtain the approval of the shareholders before that.

Details of integration

Earlier this month, seek Declare Its next merging with asset entities. If approved, the deal will establish the first company to manage the assets circulating for the public focusing on BTC. The new entity in the ASST brand will work with plans to adopt the Bitcoin Treasury strategy.

Solid also said that she would use effective tax methods to increase bitcoin exposure to one share. This includes granting investors an option to trad the share under Article 351 of the US Tax Law to reduce tax costs. The company plans to raise up to one billion dollars through stocks and debt offers, which will be used to buy digital assets in ways to reduce shareholders.

The investment company aims to use reverse mergers, reduced purchases and hedge strategies to support the value of shareholders. Matt Cole, CEO of Strive, will lead the joint institution.

The last development comes at a time when other companies continue to expand their Bitcoin reserves. The strategy recently revealed the purchase of 7,390 BTC for $ 764.9 million, up to 576,230 BTC. The Japan -based Metaplanet also added 1,004 BTC, which increased its shares to 7800 BTC.