A name known to be close to Trump made a move of 8 billion Dollars in Bitcoin (BTC)!

Vivek Ramaswamy, who is close to President Donald Trump, is the founder of Strive, which aims to acquire 75,000 Bitcoins linked to the exchange Mt. Gox that went bankrupt in 2014 and to create a BTC reserve.***

Strive stated in its application to the SEC on May 20 that it had received a definitive legal distribution decision but still wanted to acquire the Bitcoin that was pending distribution and that it had partnered with 117 Castell Advisory Group LLC for this purpose.

Strive's application includes approximately 75,000 BTC linked to Mt. Gox, valued at around 8 billion dollars according to current market prices.

Strive stated in its SEC filing, "The purpose of this strategy is to provide Strive the opportunity to acquire Bitcoin at a price lower than the market price, thereby increasing the Bitcoin value per share and supporting the goal of outperforming Bitcoin in the long term."

Strive Bitcoin is not alone in its accumulation strategy. New companies like Twenty One Capital, supported by Tether and SoftBank, have also built Bitcoin treasuries by acquiring tens of thousands of BTC.

Besides Tether-backed Twenty One Capital, Bitcoin bull Michael Saylor's company Strategy and Japan's giant company Metaplanet are also continuing to acquire large amounts of BTC.