Strive Asset Management Plans to Purchase Mt. Gox Claims for 75,000 BTC
Strive Asset Management, an investment firm led by Vivek Ramaswamy, has announced plans to purchase claims to 75,000 bitcoins associated with the bankrupt cryptocurrency exchange Mt. Gox. According to , the transaction is intended to expand Strive’s crypto portfolio and increase the share of bitcoin among its assets.
The firm intends to acquire these claims from affected Mt. Gox clients at prices significantly below current market value. This strategy has been used in other major crypto bankruptcies. Strive expects to receive the BTC once the Mt. Gox rehabilitation process concludes and creditor payouts begin.
Vivek Ramaswamy, known for his ties to technology initiatives and involvement in the Department of Government Efficiency (DOGE) — where he collaborates with Elon Musk — views the acquisition as a strategic move. According to Strive, bitcoin remains a key long-term hedge amid volatility in traditional financial markets.
Mt. Gox, one of the largest crypto exchanges of the early 2010s, collapsed in 2014 after losing access to over 850,000 BTC. Currently, creditors may be eligible for partial repayment. Investment firms, including Strive, are using this opportunity to buy up claims in anticipation of bitcoin’s price appreciation.
If completed, the deal could be one of the largest of its kind. A 75,000 BTC acquisition would amount to a multibillion-dollar asset even at discounted rates.
Analysts say the transaction could impact the market. A mass claim purchase may influence bitcoin liquidity and attract further institutional interest. It could also be seen as a sign of renewed confidence in the cryptocurrency space.
Details such as the terms and timeline of the transaction have not yet been disclosed. Representatives from Mt. Gox and the bankruptcy authorities have not commented on Strive Asset Management’s intentions.
The editorial board is not responsible for the content and accuracy of material taken, sent or obtained from other sources. The publication of such materials is for informational purposes only and does not imply automatic endorsement or approval of their content.