Strive’s Bold Move: Snagging Mt. Gox Bitcoin at a Steal!

Strive aims to buy 75,000 distressed Mt. Gox Bitcoins at a discount, boosting its crypto reserves. Is this a game-changer?

May 21, 2025 - 02:00
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Strive’s Bold Move: Snagging Mt. Gox Bitcoin at a Steal!
Strive Asset Management, led by Vivek Ramaswamy, announced a strategic partnership with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including roughly 75,000 BTC from the bankrupt Mt. Gox estate, as per a May 20, 2025, SEC filing. Mt. Gox, once the world’s largest crypto exchange, collapsed in 2014 after losing 850,000 BTC to hacks. The plan targets legally settled but undistributed claims, allowing Strive to buy Bitcoin below market value, enhancing its Bitcoin-per-share metric. This could strengthen Strive’s position as a publicly traded firm with a Bitcoin treasury, pending shareholder approval. For investors, this signals a savvy move to capitalize on crypto market inefficiencies, potentially boosting Bitcoin’s long-term value. However, price volatility and regulatory risks remain, especially with Mt. Gox’s ongoing $3 billion Bitcoin holdings. Newcomers should approach cautiously, as market reactions to such large-scale moves can be unpredictable.
NOTICE: The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE: The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.