Strive Enterprises has set its sights on heavily discounted Bitcoin assets. Co-founded by Vivek Ramaswamy, the firm wants to bulk up its crypto war chest.
Strive teamed up with 117 Castell Advisory Group. Together, they plan to track down and acquire verified distressed Bitcoin claims.
One target stands out—75,000 BTC linked to the Mt. Gox estate, worth about $8 billion at today’s prices.
The firm says buying discounted BTC gives it an edge. More Bitcoin per share means better returns for shareholders.
Strive outlined this approach in a fresh SEC filing. Their goal is clear: outperform Bitcoin by owning it smarter, not just more.
This Bitcoin buying spree comes ahead of Strive’s merger with Asset Entities. The move lays groundwork for a long-term crypto treasury.
Instead of chasing prices on the open market, Strive seeks high-value assets at a discount. The Mt. Gox claims offer exactly that.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/vivek-ramaswamys-strive-hunts-discount-bitcoin-from-mt-gox/