{"id":52908,"date":"2025-05-22T13:26:59","date_gmt":"2025-05-22T13:26:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/vivek-ramaswamys-strive-is-targetting-discounted-btc-from-mt-gox-collapse\/"},"modified":"2025-05-22T13:26:59","modified_gmt":"2025-05-22T13:26:59","slug":"vivek-ramaswamys-strive-is-targetting-discounted-btc-from-mt-gox-collapse","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/vivek-ramaswamys-strive-is-targetting-discounted-btc-from-mt-gox-collapse\/","title":{"rendered":"Vivek Ramaswamy\u2019s Strive Is Targetting Discounted BTC from Mt.Gox Collapse"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Strive is stepping into the crypto space with a plan that could put discounted <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> on its balance sheet. The Ohio-based investment firm, co-founded by Vivek Ramaswamy, is aiming to strengthen its exposure to Bitcoin through a new deal involving long-standing crypto claims.<\/p>\n<p>In a recent filing with the U.S. Securities and Exchange Commission (SEC), Strive confirmed a partnership with 117 Castell Advisory Group LLC. The joint goal is to acquire Bitcoin tied to legally settled but undistributed claims \u2014 with a clear focus on those related to the Mt. Gox collapse.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Mt. Gox went bankrupt in 2014 after losing 750,000 BTC to hackers<\/strong><\/em><\/li>\n<li><em><strong>Strive plans to access these claims below market value<\/strong><\/em><\/li>\n<li><em><strong>The 75,000 BTC in question is now worth over $8.2 billion<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>Strive is not just making a financial play \u2014 it is also forming what it hopes to be a new kind of company. It plans to work alongside Asset Entities, a social media marketing group, to launch what it calls the first public asset management Bitcoin treasury firm.<\/p>\n<p>Mt. Gox once handled more than 70% of Bitcoin trading volume before shutting down. Its collapse still echoes through the crypto industry today, especially as courts continue distributing what is left of the firm\u2019s remaining Bitcoin to creditors.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>By targeting legally validated Mt. Gox claims, Strive and its partners want to gain Bitcoin at lower-than-market prices. As the firm explained in its SEC filing, <em>\u201cThis strategy is intended to allow Strive the opportunity to purchase Bitcoin exposure at a discount to market price, enhancing Bitcoin per share and supporting its goal of outperforming Bitcoin over the long run.\u201d<\/em><\/p>\n<p>The deal is one part of Strive\u2019s wider ambition to make Bitcoin a core part of its strategy. It also marks another move by traditional financial institutions taking direct steps into crypto, not just through ETFs or derivatives, but through active treasury management.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/strive-moves-to-acquire-bitcoin-claims-from-mt-gox\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Strive is stepping into the crypto space with a plan that could put discounted Bitcoin on its balance sheet. The Ohio-based investment firm, co-founded by Vivek Ramaswamy, is aiming to strengthen its exposure to Bitcoin through a new deal involving long-standing crypto claims. In a recent [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":52909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52908"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52908"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52909"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}