Strive Plans to Acquire $8B in Mt. Gox Bitcoin to Establish Treasury Reserve

A man stands near a bank vault filled with gold coins, with the inscription Mt. Gox above the vault. The Coinomist

Strive Enterprises has partnered with 117 Castell Advisory to acquire roughly 75,000 BTC from the Mt. Gox fund at a discounted price. The company is also preparing to merge with Asset Entities.

On this page

Asset management firm Strive Enterprises, co-founded by former U.S. presidential candidate Vivek Ramaswamy, has announced its intention to acquire claims to approximately 75,000 BTC from the bankrupt crypto exchange Mt. Gox.

The market value of the assets is estimated at $8 billion, with the coins expected to be distributed to Mt. Gox creditors by Oct. 31, 2025. Strive plans to convert the recovered Bitcoin into a long-term treasury reserve. Moreover, the initiative is expected to culminate in a public listing via a planned merger with Asset Entities.

Claim Acquisition Details

Strive has partnered with 117 Castell Advisory Group LLC to assess and purchase claims backed by finalized court rulings. The bankrupt exchange Mt. Gox—whose 2014 collapse followed the theft of 750,000 BTC—remains of interest, as its remaining assets are yet to be distributed.

Related: Mt. Gox Moves Over $1 Billion in BTC — Is Repayment on the Way?

According to the filing, acquiring these claims would allow Strive to obtain Bitcoin at a discount, boosting BTC per share and enhancing the firm’s potential to outperform the asset itself.

“This strategy is intended to allow Strive the opportunity to purchase Bitcoin exposure at a discount to market price, enhancing Bitcoin per share and supporting its goal of outperforming Bitcoin over the long run,”

the document states.

Merger with Asset Entities and Public Listing

Strive has announced a planned merger with Asset Entities Inc., a company currently listed on Nasdaq. Pending shareholder approval, the deal will give Strive access to public capital, potentially accelerating its Bitcoin acquisition strategy.

The merger is expected to close in the second half of 2025. Post-merger, the combined entity will continue trading under the ticker ASST, with Strive holding a 94.2% equity stake and Asset Entities retaining 5.8%.

Strive’s Initiative: A Potential Market Stabilizer?

Market participants have voiced concerns that the large-scale distribution of Mt. Gox repayments could exert downward pressure on the Bitcoin price. Strive hopes to absorb a portion of that supply, reducing systemic risk while facilitating creditor payouts.

Ben Pham, chief financial officer at Strive, wrote on X:

“Strive intends to use all available mechanisms, including novel financial strategies not used by other Bitcoin treasury companies, to maximize its exposure to Bitcoin. We believe that Bitcoin is the hurdle rate and we intend to evaluate all corporate capital deployment on whether it outperforms Bitcoin.”

Related: Strive Presses Intuit to Reevaluate Crypto Policy and Adopt Bitcoin Reserve

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
Uber Expands AI Ambitions with Global Data-Labeling Platform

Uber Expands AI Ambitions with Global Data-Labeling Platform

With major tech firms rethinking their data partnerships, Uber moves fast to fill the gap in enterprise AI training data.

Eric Hash
TikTok Denies $300M Trump Memecoin Purchase by Its Chinese Owners

TikTok Denies $300M Trump Memecoin Purchase by Its Chinese Owners

TikTok rejects allegations that ByteDance purchased $300M worth of Trump memecoins, responding to bribery accusations from a U.S. Congressman.

Dmytro Psevdonimenko
Fake Aave Ads on Google Search Fuel Phishing Scams

Fake Aave Ads on Google Search Fuel Phishing Scams

On June 20, 2025, Scam Sniffer flagged fake Aave ads in Google search that lead victims to phishing sites copying the Aave UI and draining funds.

Walker Stevenson
a16z Crypto Dominates Weekly Crypto Funding with $81 million in Deals

a16z Crypto Dominates Weekly Crypto Funding with $81 million in Deals

Crypto funding hit $144 million this week – and a16z Crypto was at the center, investing $81 million in key deals in emerging blockchain technology.

Eric Hash
From Politics to Protocols: Decoding Eric Trump’s Unexpected Crypto Headlines

From Politics to Protocols: Decoding Eric Trump’s Unexpected Crypto Headlines

Politics continues to move into crypto, and Eric Trump’s involvement sparks debate. What drives his interest?

Daryna Nesterenko
Who Is Tomasz Stańczak? Inside the New Leadership of the Ethereum Foundation

Who Is Tomasz Stańczak? Inside the New Leadership of the Ethereum Foundation

Tomasz Stańczak is one of the co-executive directors at the Ethereum Foundation, contributing to strategic planning and operational oversight to support Ethereum’s long-term growth.

Anahit Avetisyan
Robert Kiyosaki and the Debt-Fueled Prophecy

Robert Kiyosaki and the Debt-Fueled Prophecy

Robert Kiyosaki says the end is here. With $1.2B in U.S. debt and a $1M Bitcoin prediction, the Rich Dad author is turning collapse into his ultimate performance.

Elina Moskovchuk

Might Be Interesting

No posts found.

Crypto and the Fed: What the Interest Rate Decision Means

Crypto and the Fed: What the Interest Rate Decision Means

Tonight, the Federal Reserve will announce its decision on the interest rate. We explain how this impacts the economy, cryptocurrencies, and why everyone is watching closely.

Iaroslava Kramarenko
While Altcoins Bleed, WhiteBIT Coin (WBT) Surges to a New ATH

While Altcoins Bleed, WhiteBIT Coin (WBT) Surges to a New ATH

WBT climbed to $50 and set a new ATH while most altcoins remain under pressure. The token’s performance reflects strong tokenomics, a long-term strategy, utility, and brand power.

Anton Kryshtal
MORE
Crypto Spam Attacks: How to Save Your Deposit and Your Nerves

Crypto Spam Attacks: How to Save Your Deposit and Your Nerves

Unexpected airdrops, shady tokens in your wallet, pushy Discord messages, and weird invites to NFT projects—let’s learn how to stay afloat in a stream of digital noise.

Iaroslava Kramarenko
Why Crypto Trading Isn’t Gambling (Even If It Feels That Way Sometimes)

Why Crypto Trading Isn’t Gambling (Even If It Feels That Way Sometimes)

Is crypto trading just digital gambling? At first glance, the line seems thin. But they’re worlds apart: one relies on analysis and strategy, the other on luck and addiction.

Iaroslava Kramarenko
MORE