Strive Asset Management, co-founded by Vivek Ramaswamy, aims to obtain 75,000 BTC from Mt. Gox by purchasing creditor claims before the 2025 repayment deadline.
The firm is acquiring discounted claims from Mt. Gox creditors to benefit when payouts are distributed in Bitcoin or cash later this year.
Strive is collaborating with 117 Castell Advisory Group to procure these claims, using distressed debt strategies uncommon in the crypto sector.
Additionally, Strive plans to go public through a reverse merger with Asset Entities, potentially becoming one of the largest corporate BTC holders in the U.S.