Share this article
Strive Eyes $7.9B Distressed Mt. Gox Bitcoin Claims to Accumulate Discounted BTC
The goal is to gain exposure to bitcoin at a discount, with the aim of beating BTC's price performance in the long run.
Updated May 21, 2025, 6:17 p.m. Published May 21, 2025, 9:28 a.m.
What to know:
- Strive Enterprises is working with 117 Castell Advisory Group to buy distressed bitcoin claims.
- These include those from the Mt. Gox bankruptcy, which total around 75,000 BTC.
- Strive plans to merge with Nasdaq-listed Asset Entities and raise up to $1 billion to accumulate more bitcoin.
Strive Enterprises is eyeing a calculated bet on bitcoin discounts. The Ohio-based financial services firm said it struck a strategic partnership with 117 Castell Advisory Group to buy distressed bitcoin claims, specifically those with confirmed legal judgments and pending distributions.
Among the targeted claims are holdings from the infamous Mt. Gox bankruptcy in 2014, which total around 75,000 BTC, currently valued around $8 billion. While payouts from the decade-old collapse of the Japanese exchange are still trickling out, they represent one of the largest pools of locked-up bitcoin in history.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Strive’s plan: gain BTC exposure at a discount, with the goal of beating BTC’s price performance in the long run, according to a Monday filing with the Securities and Exchange Commission.
The announcement comes amid broader plans for the company's asset management unit to merge with Nasdaq-listed Asset Entities (ASST), a move that would make the combined company publicly traded. The firm would leave its operations under the Strive name.
The combined company also has plans to raise up to $1 billion through equity and debt offerings to accumulate bitcoin. The firm’s strategies are meant to enhance its BTC exposure per share.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
