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Strive Goes All-In on Bitcoin: Is BTC New Corporate Safe Haven? - Coinspeaker
Key Notes
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 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.
Metaplanet and BlackRock Hit Milestones
Strive’s aggressive Bitcoin strategy echoes the bold steps taken by Japanese firm Metaplanet, which has also drawn comparisons to MicroStrategy for its BTC accumulation playbook.
Despite achieving a 121% gain over the past month and record trading volumes across global markets, Metaplanet has become the most shorted stock in Japan — a move CEO Simon Gerovich calls “a bet against Bitcoin.”
Yet, the broader trend is clear: companies that are going long on Bitcoin are increasingly being viewed as forward-looking rather than reckless.
Even BlackRock is making unprecedented inroads into the Bitcoin space. Its iShares Bitcoin Trust (IBIT) has attracted $46 billion in inflows since launching in January 2024, adding 2,705 BTC in just one day recently.
If current trends continue, BlackRock could overtake even Satoshi Nakamoto as the largest BTC holder by next summer, according to Bloomberg’s Eric Balchunas.
“This isn’t just a vote of confidence in Bitcoin,” said Balchunas. “It’s a signal that institutional capital is all-in — and they’re bringing their clients with them.”
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.