Investment Firm Pursues Strategic Entry into Bitcoin via Legal Settlements
Strive, the investment firm led by crypto advocate and former presidential candidate Vivek Ramaswamy, is quietly exploring a bold strategy: acquiring underpriced Bitcoin by tapping into legally settled but unreleased crypto claims. One potential jackpot? Leftover BTC from the long-defunct Mt. Gox exchange.
The plan surfaced through a May 20 SEC filing, revealing that Strive has partnered with an obscure firm—117 Castell Advisory Group—to track down Bitcoin tied to bankruptcy proceedings and distressed legal settlements. The idea is simple: scoop up exposure to Bitcoin at a discount before it hits the open market.
Mt. Gox, which collapsed a decade ago, still holds around 75,000 BTC earmarked for creditor repayment. Whether Strive will gain access to that pool remains uncertain, as repayment efforts are still underway. The firm is also exploring other sources of locked or discounted BTC claims, though no specifics have been disclosed.
Ramaswamy, who’s recently pivoted Strive into Bitcoin-heavy territory, has laid out a broader ambition to pour billions into BTC. Earlier this month, Strive merged with Asset to enhance its buying capability and scale up operations. While companies like MicroStrategy have set the pace, Strive’s angle—seeking value in crypto’s legal shadows—marks a different kind of bet.
For now, the details are thin. Most of the public filing focuses on legal groundwork, offering little insight into how or when Bitcoin would be acquired. But if the play works, Strive could secure a significant amount of BTC at below-market cost—a rare feat in today’s competitive crypto landscape.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
