{"id":28029,"date":"2025-05-22T08:02:29","date_gmt":"2025-05-22T08:02:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28029"},"modified":"2025-05-22T08:02:29","modified_gmt":"2025-05-22T08:02:29","slug":"ramaswamys-strive-targets-75000-btc-in-mt-gox-windfall","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28029","title":{"rendered":"Ramaswamy\u2019s Strive Targets 75,000 BTC in Mt. Gox Windfall"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">\u00a0Strive 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\u2019s 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.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Mt. Gox Mess, Explained<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">To understand this move, it helps to rewind to 2014. Mt. Gox was the biggest Bitcoin exchange in the world, until it got hacked and collapsed, losing around 850,000 BTC. The fallout left thousands of users hanging, and for nearly a decade, they\u2019ve been waiting for some kind of repayment through a complex legal process in Japan.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Vivek&#8217;s Strive Asset Management looking to buy up to 75,000 Bitcoin from Mt. Gox claims at a discount to build Bitcoin treasury. <a href=\"https:\/\/t.co\/mPU5mu8OHj\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/mPU5mu8OHj<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1925116993193030067?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">That process is finally wrapping up, with creditors expected to recieve their payouts by October 31, 2025. Some will get cash, others will get crypto. But in the meantime, their legal claims, basically IOUs from the Mt. Gox estate, have become valuable in their own right.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Strive\u2019s Game Plan<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Strive has teamed up with a firm called 117 Castell Advisory Group to buy up those creditor claims before the repayment deadline. If successful, it could end up controlling claims linked to 75,000 BTC. That\u2019s a huge haul, and Strive\u2019s betting that it can get it at a discount.<\/span><\/p>\n<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_682eab539a22e\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_682eab539a22e-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_682eab539a22e-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682eab539a22e-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682eab539a22e-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682eab539a22e-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_682eab539a22e-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_682eab539a22e-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_682eab539a22e-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_682eab539a22e-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_682eab539a22e-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_682eab539a22e-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_682eab539a22e-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Here\u2019s how it works: claim holders get paid later, but they might be willing to sell now for a smaller amount of money upfront. Strive steps in, offers a deal, and takes the future payout. If Bitcoin\u2019s price stays strong or rises, the firm ends up with significantly more value than it paid for.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It\u2019s a smart play, but it comes with risk. These are distressed assets, after all, and delays or legal hiccups are always possible.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Going Public, Too<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Strive isn\u2019t just collecting Bitcoin claims. It\u2019s also planning to go public through a reverse merger with Asset Entities, a media and tech firm already listed on the New York Stock Exchange. If the deal closes, Strive would hold about 94 percent of the combined company and begin trading under the ASST ticker.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The merger is expected to give Strive more room to maneuver when it comes to holding Bitcoin, avoiding some of the headaches that come with a traditional IPO or SPAC.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\"><strong style=\"font-size: 16px\">DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/span><\/h2>\n<h2><span data-preserver-spaces=\"true\">Still Needs a Green Light<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Before the claim acquisition becomes official, shareholders will need to sign off. Strive plans to file paperwork with the SEC and send a voting proposal to investors. That step will likely happen in the coming weeks. Until then, the plan is still in motion but not locked in.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Why It Matters<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This isn\u2019t just a quirky investment story. It reflects how more traditional finance players are figuring out creative ways to enter the crypto space. Instead of buying Bitcoin outright, Strive is trying to capture it through distressed debt, something that\u2019s more common in private equity circles than in crypto.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The strategy from Strive Asset Management shows how traditional firms are using distressed debt to gain exposure to crypto. If the deal works out, Strive could end up with one of the biggest Bitcoin holdings of any U.S. firm. And it wouldn\u2019t have bought a single coin on the open market to get there.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Strive Asset Management, co-founded by Vivek Ramaswamy, is pursuing 75,000 BTC through Mt. Gox creditor claims ahead of the 2025 repayment deadline.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The firm is actively buying discounted claims from Mt. Gox creditors, aiming to profit when payouts are made in Bitcoin or cash later this year.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Strive is partnering with 117 Castell Advisory Group to acquire the claims, using distressed debt tactics rarely seen in crypto investing.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The company plans to go public via a reverse merger with Asset Entities, giving it more operational flexibility and a new NYSE ticker: ASST.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        If successful, the deal could make Strive one of the largest corporate Bitcoin holders in the U.S., without buying any BTC on the open market.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/ramaswamys-strive-targets-75000-btc-in-mt-gox-windfall\/\">Ramaswamy\u2019s Strive Targets 75,000 BTC in Mt. Gox Windfall<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Strive 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\u2019s most infamous disasters: Mt. Gox. If all goes according to plan, Strive could walk away with access to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28029","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28029"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28029\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}