Strive Asset Management Plans to Build a 75,000-Bitcoin Treasury

Strive Asset Management, co-founded by former US presidential candidate Vivek Ramaswamy, has announced plans to build a massive 75,000-Bitcoin treasury.

Strive Asset Management, co-founded by former US presidential candidate Vivek Ramaswamy, is aiming to build a massive 75,000 Bitcoin treasury.

The firm plans to achieve this by acquiring distressed BTC claims at a discount from the long-defunct Mt. Gox exchange, whose long-awaited creditor repayment deadline is set for October 31, 2025.

Strive Partners with 117 Castell Advisory Group LLC

Strive’s May 20 SEC filing disclosed a partnership with 117 Castell Advisory Group LLC to secure legally recognized BTC claims.

Once approved, the move will allow Strive to load up on Bitcoin at below market price, effectively turbocharging its Bitcoin-per-share ratio ahead of a highly anticipated reverse merger with social media marketing firm Asset Entities (ASST).

Notably, since the announcement, ASST’s stock has surged 1,170%, closing with an 18.2% jump on May 20 alone, pushing the firm’s market cap to $122.1 million.

The bullish sentiment is fueled not just by excitement over crypto holdings but by the growing belief that Bitcoin is quickly becoming a corporate safe haven in times of economic instability.

Bitcoin as a Safe Haven

The US economy is facing increasing pressure from debt concerns and fiscal uncertainty, amplified by Moody’s recent downgrade of the US government’s credit rating.

However, as CNBC’s Jim Cramer pointed out, fear-based panic has historically proven to be a poor investment strategy. Instead, he advised tuning into alternative assets like gold and Bitcoin to serve as buffers against macroeconomic risk.

“Fear is what must be tamed if you want to be a good investor,” said Cramer, highlighting Bitcoin’s emerging role not just as a speculative asset but as a hedge against systemic financial failure.

“If you’re a good investor, you must learn to live with fear and ignore the fear-mongers.”

If you prefer to read, here is a summary of the segment:

The U.S. economy is facing headwinds from debt concerns and fiscal uncertainty, amplified by Moody’s downgrade of the U.S. government’s credit rating.

However, fear-based panic has historically proven to be a poor investment strategy.

Instead, tune into alternative assets like gold and Bitcoin to serve as buffers against macroeconomic risk.

“Fear is what must be tamed if you want to be a good investor. Fear-mongering is a terrible investing strategy. Fear must be tamed if you want to be a good investor. If you prefer to read, here is a summary of the segment:

The U.S. economy is facing headwinds from debt concerns and fiscal uncertainty, amplified by Moody’s downgrade of the U.S.