Strive Targets Mt. Gox Claims in Bid for Discounted Bitcoin Exposure
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Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, is taking a strategic approach to growing its Bitcoin holdings—by acquiring distressed crypto claims rather than buying directly from the market.
In a recent SEC filing, the Ohio-based firm revealed a partnership with 117 Castell Advisory Group to pursue legally approved but undistributed Bitcoin claims, particularly those tied to the infamous Mt. Gox collapse. The aim: gain access to Bitcoin at prices below current market value.
Mt. Gox, once the world’s largest crypto exchange, shut down in 2014 after losing 750,000 BTC in a security breach. Today, roughly 75,000 BTC from the estate remain pending distribution—valued at over $8.2 billion at current prices.
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By purchasing these claims, Strive hopes to enhance the Bitcoin-per-share value of its portfolio while positioning itself for long-term outperformance. The firm is also working with Asset Entities to launch what could become the first publicly traded Bitcoin treasury management company.
Instead of waiting on traditional routes, Strive is looking for leverage through legacy crypto cases—an unconventional strategy aimed at maximizing upside in a maturing digital asset market.
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