{"id":222,"date":"2025-05-20T22:59:08","date_gmt":"2025-05-20T22:59:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/strive-to-acquire-distressed-mt-gox-bitcoin-at-discounted-price\/"},"modified":"2025-05-20T22:59:09","modified_gmt":"2025-05-20T22:59:09","slug":"strive-to-acquire-distressed-mt-gox-bitcoin-at-discounted-price","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/strive-to-acquire-distressed-mt-gox-bitcoin-at-discounted-price\/","title":{"rendered":"Strive to acquire \u2018distressed\u2019 Mt. Gox Bitcoin at discounted price"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Strive Enterprises, the asset management firm founded by Vivek Ramaswamy, has announced plans to purchase distressed Bitcoin claims.\u00a0<\/p>\n<p>Some of these claims include those tied to the Mt. Gox estate. This announcement came through a strategic partnership with 117 Castell Advisory Group.\u00a0The move is aimed at acquiring discounted Bitcoin (BTC) exposure for Strive\u2019s investment products.<\/p>\n<p>According to the SEC <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.streetinsider.com\/SEC+Filings\/Form+425+Asset+Entities+Inc.+Filed+by%3A+Strive+Enterprises%2C+Inc.+OH\/24825243.html\" target=\"_blank\">filing<\/a>, the partnership will target claims that have been legally settled but not yet distributed, such as approximately 75,000 BTC from Mt. Gox\u2019s bankruptcy proceedings.\u00a0<\/p>\n<p>By acquiring these claims below market value, Strive wants to enhance its Bitcoin-per-share metric and deliver long-term outperformance relative to BTC.<\/p>\n<p>The company is positioning the move as a value-driven strategy, offering investors exposure to Bitcoin without paying the full market price. Strive framed the transaction as part of a broader plan to capitalize on inefficiencies in the crypto credit market.<\/p>\n<h2 class=\"wp-block-heading\">Vivek Ramaswamy\u2019s journey with Strive <\/h2>\n<p>Vivek Ramaswamy <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/strive.com\/story?utm_source=chatgpt.com\" target=\"_blank\">co-founded <\/a>Strive back in 2022 to challenge the prevailing ESG and DEI investment trends, advocating instead for shareholder primacy and depoliticized capitalism. Ramaswamy resigned as Executive Chairman in 2023 to pursue a presidential bid, after which Matt Cole took over leadership. <\/p>\n<p>Ramaswamy briefly joined DOGE but stepped down to potentially pursue a role in Ohio politics. <\/p>\n<p>Under Cole, Strive expanded into wealth management and embraced Bitcoin, planning to become the first publicly traded asset manager with a Bitcoin treasury. Ramaswamy no longer holds an executive role, but his vision continues to shape Strive\u2019s direction, according to the company. <\/p>\n<h2 class=\"wp-block-heading\">Strive\u2019s merger with Asset Entities\u00a0<\/h2>\n<p>The filing also noted that the transaction is tied to a proposed merger between Strive and Asset Entities Inc. \u2014 a move that would result in a combined company with greater scale and access to public capital markets. ASST is expected to issue new shares as part of the deal.<\/p>\n<p>Mt. Gox, once the world\u2019s leading Bitcoin exchange, collapsed in 2014 after a series of hacks led to the loss of over 800,000 BTC. Creditors have waited more than a decade for partial recovery, with distributions now expected in the coming months.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strive Enterprises, the asset management firm founded by Vivek Ramaswamy, has announced plans to purchase distressed Bitcoin claims.\u00a0 Some of these claims include those tied to the Mt. Gox estate.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=222"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/222\/revisions"}],"predecessor-version":[{"id":224,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/222\/revisions\/224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/223"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}