Strive Goes All-In on Bitcoin: Is BTC New Corporate Safe Haven?
The post Strive Goes All-In on Bitcoin: Is BTC New Corporate Safe Haven? appeared on BitcoinEthereumNews.com. Key Notes Strive Asset Management plans to acquire 75,000 BTC via discounted Mt. Gox claims. The move comes amid rising US economic uncertainty, with investors and firms adopting Bitcoin as a hedge. Metaplanet has become the most shorted stock in Japan which CEO Gerovich calls “a bet against Bitcoin”. Strive Asset Management, co-founded by former US presidential candidate Vivek Ramaswamy, has announced plans to build a massive 75,000-Bitcoin treasury. The firm aims to accomplish this by acquiring distressed BTC claims at a discount from the long-defunct Mt. Gox exchange, whose long-awaited creditor repayment deadline looms on October 31, 2025. Strive Partners with 117 Castell Advisory Group LLC Strive’s May 20 SEC filing revealed a strategic partnership with 117 Castell Advisory Group LLC to secure legally recognized BTC claims. Once approved, the move would allow Strive to load up on Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B 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 fast becoming a corporate safe haven in times of economic instability. Bitcoin as a Safe Haven The US economy is under increasing pressure from debt concerns and fiscal uncertainty, amplified by Moody’s recent downgrade of the US government’s credit rating. But as CNBC’s Jim Cramer noted, fear-based panic has historically been a poor investment strategy. Instead, he advised looking to alternative assets like gold and Bitcoin as buffers against macroeconomic risk. “Fear is what must be tamed…
The post Strive Goes All-In on Bitcoin: Is BTC New Corporate Safe Haven? appeared on BitcoinEthereumNews.com.
Key Notes Strive Asset Management plans to acquire 75,000 BTC via discounted Mt. Gox claims. The move comes amid rising US economic uncertainty, with investors and firms adopting Bitcoin as a hedge. Metaplanet has become the most shorted stock in Japan which CEO Gerovich calls “a bet against Bitcoin”. Strive Asset Management, co-founded by former US presidential candidate Vivek Ramaswamy, has announced plans to build a massive 75,000-Bitcoin treasury. The firm aims to accomplish this by acquiring distressed BTC claims at a discount from the long-defunct Mt. Gox exchange, whose long-awaited creditor repayment deadline looms on October 31, 2025. Strive Partners with 117 Castell Advisory Group LLC Strive’s May 20 SEC filing revealed a strategic partnership with 117 Castell Advisory Group LLC to secure legally recognized BTC claims. Once approved, the move would allow Strive to load up on Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B 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 fast becoming a corporate safe haven in times of economic instability. Bitcoin as a Safe Haven The US economy is under increasing pressure from debt concerns and fiscal uncertainty, amplified by Moody’s recent downgrade of the US government’s credit rating. But as CNBC’s Jim Cramer noted, fear-based panic has historically been a poor investment strategy. Instead, he advised looking to alternative assets like gold and Bitcoin as buffers against macroeconomic risk. “Fear is what must be tamed…
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