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Strive Enterprises, the asset management firm founded by Vivek Ramaswamy, has announced plans to purchase distressed Bitcoin claims. Some of these claims include those tied to the Mt. Gox estate. This announcement came through a strategic partnership with 117 Castell Advisory Group. The move is aimed at acquiring discounted Bitcoin ( BTC ) exposure for Strive’s investment products. According to the SEC filing , the partnership will target claims that have been legally settled but not yet distributed, such as approximately 75,000 BTC from Mt. Gox’s bankruptcy proceedings. By acquiring these claims below market value, Strive wants to enhance its Bitcoin-per-share metric and deliver long-term outperformance relative to BTC. The company is positioning the move as a value-driven strategy , offering investors exposure to Bitcoin without paying the full market price. Strive framed the transaction as part of a broader plan to capitalize on inefficiencies in the crypto credit market. Vivek Ramaswamy co-founded Strive back in 2022 to challenge the prevailing ESG and DEI investment trends, advocating instead for shareholder primacy and depoliticized capitalism. Ramaswamy resigned as Executive Chairman in 2023 to pursue a presidential bid, after which Matt Cole took over leadership. Ramaswamy briefly joined DOGE but stepped down to potentially pursue a role in Ohio politics. Under Cole, Strive expanded into wealth management and embraced Bitcoin, planning to become the first publicly traded asset manager with a Bitcoin treasury. Ramaswamy no longer holds an executive role, but his vision continues to shape Strive’s direction, according to the company. The filing also noted that the transaction is tied to a proposed merger between Strive and Asset Entities Inc. — a move that would result in a combined company with greater scale and access to public capital markets. ASST is expected to issue new shares as part of the deal. Mt. Gox, once the world’s leading Bitcoin exchange, collapsed in 2014 after a series of hacks led to the loss of over 800,000 BTC. Creditors have waited more than a decade for partial recovery, with distributions now expected in the coming months.

Bounce off 100 WMA ✅ Break 50 WMA ✅ Break meme line ⌛️ $DOGE

The price of Dogecoin (DOGE) is caught up in the current market selloff, which has seen it lose some of its gains in the past 24 hours. The coin’s setup is, however, indicative of a potential breakout in the long term. Despite the broader uncertainty, many now seek answers to whether the DOGE price can jump by 30% or more soon. At the time of writing, DOGE price has buckled amid intense selling pressure on different timelines. In the past 24 hours, Marketcap shows its price has dropped by 3.18% to $0.2157. The trading volume is, however, up 95% within the same period. The price outlook over the past two weeks differs, with the meme coin jumping by more than 25% during this time. Despite the close trading range, volatility has been so strong that it has become uncertain how much or when a breakout will occur. Analysts have spotted a technical setup that may support a sustainable price revival. As it stands, Dogecoin is trading below both the resistance level at $0.225 and the 100-day Simple Moving Average (SMA). This price setup shows that, given the right triggers, there is enough room for a breakout. According to Ali Martinez, Dogecoin is forming a declining wedge pattern, which is a bullish reversal trend. Based on our earlier news coverage , the DOGE price is expected to return to $1. Current positioning from analysts suggests this current setup may trigger the breakout. However, the current technical setup is not a yardstick for discounting Dogecoin prices from more potential trend reversals. According to CryptoQuant contributor Burak Kesmeci, the top memecoin is combating the influx of retail traders into the futures market. According to our recent analysis , this futures setup typically marks a cycle top. With the DOGE price fluctuating below the critical resistance level of $0.24, this offers more likely distress for the memecoin. Important support and resistance levels have emerged amid expectations of a price rebound. The first major resistance is $0.232, and the immediate support level is $0.22. To fuel the market’s strength, key fundamentals in the Dogecoin market include the push for an Exchange Traded Fund (ETF) in the United States. Several asset managers, including Grayscale and Franklin Templeton, have filed for a DOGE ETF. As we discussed earlier, the US SEC recently pushed back the decision on these products. While no outright denial or approval has been given, the market remains optimistic about what to expect. Other products are also likely to fuel the broader Dogecoin price rebound. As featured in our recent coverage, Coinbase has plans to launch the cbDOGE product on the Base network. This will further help drive liquidity to the memecoin, setting it up for more rallies ahead. A DOGE breakout this month has long been predicted, and the current setup is making it more realistic.

#Dogecoin D3 chart shows a Bullish Expanding Triangle 🔥 $Doge

#Dogecoin's 6-month chart provides a clear macro picture of its past gains and forecasts its future moves 🔥 $Doge