Vivek Ramaswamy’s Strive Eyes Mt. Gox Bitcoin at a Discount

In Brief:

Strive, led by Vivek Ramaswamy, is exploring a deal to buy discounted BTC from Mt. Gox’s estate.

The plan is in early stages, with no confirmed quantity or price, and faces uncertainty as Mt. Gox continues creditor repayments.

Strive Asset Management, founded by former U.S. presidential candidate Vivek Ramaswamy, has announced plans to pursue discounted Bitcoin acquisitions—starting with potential claims linked to the long-defunct Mt. Gox exchange.

According to a recent SEC filing, Strive is entering a strategic partnership with Georgia-based 117 Castell Advisory Group LLC to source and evaluate distressed Bitcoin claims. These include assets with definitive legal judgments still awaiting distribution—most notably, Mt. Gox, which holds an estimated 75,000 BTC.

Mt. Gox, once the world’s largest Bitcoin exchange, collapsed in 2014 after losing over 800,000 BTC to a hack. Its bankruptcy proceedings have been ongoing, with partial creditor repayments in BTC starting earlier this year. It remains unclear how much BTC Strive could access—if any—and under what terms.

Strive’s move mirrors the MicroStrategy playbook, aiming to build a corporate BTC treasury by acquiring discounted or underutilized reserves. The firm has recently merged with Asset, expanding its operational capabilities, and filed for a Bitcoin Bond ETF in December 2024.

Ramaswamy, a long-time crypto advocate, appears committed to positioning Strive as a Bitcoin-centric institution, with reports indicating plans to spend billions on BTC.

Still, analysts note the uncertainty: Mt. Gox’s repayment process is still active, and no details confirm whether any BTC sales to third parties are even possible. The filing itself is vague, mentioning Bitcoin only briefly, and neither Ramaswamy nor Strive have provided further comment.

If successful, the deal could represent a significant entry into the Bitcoin holdings race, joining the ranks of MicroStrategy, Metaplanet, and other corporate BTC-heavy firms. But for now, the plan remains speculative.

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