Vivek Ramaswamy Strive Pursues Mt. Gox Bitcoin at a Bargain”
Vivek Ramaswamy’s asset management firm, Strive, is exploring the possibility of acquiring Bitcoin at below-market rates — potentially from distressed sources like the Mt. Gox estate. While the idea is still in its earliest stages, neither the exact quantity of BTC involved nor the pricing terms have been finalized.
The Mt. Gox bankruptcy estate reportedly holds around 75,000 Bitcoins, although the defunct exchange is currently in the process of reimbursing creditors. Whether Strive can strike a deal and secure any portion of that reserve at a discount remains uncertain.
Since MicroStrategy set the precedent for corporations holding Bitcoin as a treasury asset, other firms have followed suit. Strive appears to be one of the latest, seeking to build a substantial BTC reserve by sourcing assets from overlooked or distressed channels.
According to a recent SEC filing, Strive is evaluating opportunities to acquire Bitcoin from sources like Mt. Gox. To pursue this strategy, the firm has partnered with 117 Castell Advisory Group LLC, a company with a limited public profile. While it’s registered in Georgia, most of what’s known about Castell centers around its collaboration with Strive — a partnership only formally established last month.
For context, Mt. Gox was one of the earliest cryptocurrency exchanges, infamous for its dramatic collapse in 2014. Since then, it has slowly been working to repay creditors, and Strive believes that a large portion of its Bitcoin holdings — potentially up to 75,000 BTC — is still available.
Vivek Ramaswamy, best known as a former U.S. presidential candidate and outspoken crypto advocate, founded Strive with the aim of reshaping asset management. In December 2024, the firm filed to launch a Bitcoin Bond ETF, and since early May 2025, has pivoted more aggressively toward becoming a Bitcoin-centric investment company.
To enhance its ability to execute large BTC acquisitions, Strive merged with Asset in mid-May, signaling its intent to scale operations. On May 20, 2025, the company announced a strategic partnership to identify and acquire distressed Bitcoin claims that have been legally validated but are still awaiting distribution. The goal, according to the SEC filing, is to gain exposure to Bitcoin at prices below market value — thereby increasing the amount of BTC held per share.
Despite these moves, the firm has remained tight-lipped about specifics. Given that Mt. Gox is still in the process of repaying creditors, it’s unclear how or when Strive could acquire any of its Bitcoin — let alone at a discount.
Most details in the filing focus on legal structures, with Bitcoin only mentioned briefly in the opening sections. Neither Ramaswamy nor Strive has offered further public comment on their exact strategy.
In short, the plan has potential — but it’s far from guaranteed. If successful, acquiring discounted BTC from legacy estates like Mt. Gox could be a massive win for Strive. But it’s equally possible that these negotiations will lead nowhere. For now, the outcome remains uncertain.
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