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Vivek Ramaswamy’s Barmy Bitcoin Army
- Strive Enterprises, co-founded by Vivek Ramaswamy in 2022, disclosed on May 20, 2025, that it will acquire distressed Bitcoin claims linked to the Mt. Gox bankruptcy through a collaboration involving 117 Castell Advisory Group.
- This move follows years of delayed distributions from Mt. Gox’s 2014 collapse, which lost over 800,000 Bitcoin in a security breach, leaving about 75,000 BTC with legal claims still awaiting payout.
- Strive plans to acquire these legally approved claims at discounted rates before distributions commence, aiming to boost its Bitcoin holdings per share prior to completing a reverse merger with Asset Entities.
- The Mt. Gox claims equal roughly 75,000 BTC, currently valued near $8 billion, and the partnership seeks to exploit inefficiencies in the crypto credit market, as outlined in the SEC filing.
- If approved by shareholders, the merger will create a publicly traded Bitcoin investment company expected mid-2025, potentially enhancing investor access to discounted Bitcoin exposure without paying full market prices.
18 Articles
18 Articles
Strive Eyes $7.9B Distressed Mt. Gox Bitcoin Claims to Accumulate Discounted BTC
Strive Enterprises is eyeing a calculated bet on bitcoin BTC discounts. The Ohio-based financial services firm said it struck a strategic partnership with 117 Castell Advisory Group to buy distressed bitcoin claims, specifically those with confirmed legal judgments and pending distributions.Among the targeted claims are holdings from the infamous Mt. Gox bankruptcy in 2014, which total around 75,000 BTC, currently valued around $8 billion. While…
Ramaswamy’s Strive Targets 75,000 BTC in Mt. Gox Windfall
Strive Asset Management, the investment firm co-founded by former U.S. presidential candidate Vivek Ramaswamy, is going after a massive Bitcoin stash, not by mining or buying it outright, but by picking up claims from one of crypto’s most infamous disasters: Mt. Gox. If all goes according to plan, Strive could walk away with access to 75,000 Bitcoins that are still tied up in the bankruptcy of the defunct exchange. The Mt. Gox Mess, Explained To…
Strive Asset Management Eyes $8B in Bitcoin from Mt. Gox Claims
Strive Asset Management has announced an initiative to build a 75,000 Bitcoin (BTC) treasury by buying claims from the bankrupt crypto exchange Mt. Gox. These claims, valued at about $8 billion at current market prices, have been legally approved but have yet to be distributed. Mt. Gox’s Bankruptcy Claims In a May 20 filing with the U.S. Securities and Exchange Commission (SEC), Strive announced it has entered a partnership with 117 Castell Advi…
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