Vivek Ramaswamy’s Strive aims to build a Bitcoin reserve by acquiring 75,000 Bitcoins (~$8 billion) from Mt. Gox bankruptcy claims.

Strive Enterprises, the asset management firm founded by former U.S. presidential candidate Vivek Ramaswamy, has outlined a plan to build a large Bitcoin reserve by purchasing distressed Mt. Gox bankruptcy claims representing up to 75,000 BTC — roughly several billion dollars at current prices. In a May 20 SEC filing, Strive said it has partnered with 117 Castell Advisory Group LLC to target Bitcoin claims that already have definitive legal rulings but are still awaiting distribution, with the goal of acquiring exposure to Bitcoin at a discount to the spot market and increasing its “Bitcoin per share” metric. The firm emphasized that this strategy would require shareholder approval and is being pursued in the context of Strive’s planned reverse merger with Asset Entities, after which Strive aims to operate as a Bitcoin-focused investment company. The Mt. Gox claims angle is significant because the defunct Japanese exchange, which collapsed in 2014 after a massive hack, is in the late stages of its bankruptcy process and is preparing to repay creditors, including via Bitcoin distributions from a remaining estate often cited around 75,000 BTC. Strive’s filing suggests it wants to buy these creditor claims—rather than the coins directly—on the assumption that such legally settled but not-yet-distributed claims can be obtained at a discount, effectively giving Strive cheaper Bitcoin exposure if and when distributions are made. The move positions Strive to compete with existing corporate Bitcoin treasuries using what it calls “novel financial strategies,” including distressed-claim purchases and tax-advantaged BTC-for-equity swaps under Section 351 of the U.S. tax code, though the filing and subsequent coverage note that the plan is still early, contingent on approvals, and its execution path remains uncertain. "entities":["Strive Enterprises","Vivek Ramaswamy","Mt. Gox","117 Castell Advisory Group LLC","Asset Entities","Ben Pham"]}`

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