EddieJayonCrypto
22 May 25
Strive, a financial services firm co-founded by Vivek Ramaswamy, has partnered with 117 Castell Advisory Group LLC to acquire discounted Bitcoin claims, focusing on those linked to the bankrupt Mt. Gox exchange. Mt. Gox, which collapsed after a 2014 security breach involving the theft of 750,000 BTC...
Strive, a financial services firm co-founded by Vivek Ramaswamy, has partnered with 117 Castell Advisory Group LLC to acquire discounted Bitcoin claims from the Mt. Gox bankruptcy estate.Mt. Gox, once a dominant crypto exchange that handled over 70% of Bitcoin transactions, collapsed in 2014 after a massive security breach resulted in the theft of 750,000 BTC. Currently, there are 75,000 BTC claims from the Mt. Gox estate valued at over $8.2 billion, based on Bitcoin’s price of approximately $109,963.Strive’s strategy focuses on purchasing these Bitcoin claims below market price to enhance Bitcoin per share and aims to outperform Bitcoin in the long term.Additionally, Strive plans to collaborate with Asset Entities, a social media marketing firm, to create the first publicly traded asset management Bitcoin treasury company. This move represents a unique step in integrating Bitcoin exposure with publicly traded financial products.This strategic partnership and acquisition effort reflect a savvy approach to capitalizing on legal claims tied to one of crypto’s most notorious collapses, highlighting ongoing opportunities in the evolving cryptocurrency market.