Strive Asset Management Seeks Bitcoin Exposure Through Mt. Gox Claims
Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, is pursuing a strategic avenue to expand its Bitcoin holdings by acquiring distressed crypto claims tied to the Mt. Gox collapse. The Ohio-based firm has partnered with 117 Castell Advisory Group to secure legally approved but undistributed bitcoin claims, aiming to gain discounted exposure to Bitcoin without purchasing directly on the open market. This move highlights the growing interest in alternative methods to accumulate Bitcoin, especially as the cryptocurrency market continues to evolve. The firm's approach could set a precedent for other asset managers looking to capitalize on distressed crypto assets. As of July 2025, this development underscores the enduring value and demand for Bitcoin in the financial sector.
Strive Asset Management Targets Mt. Gox Claims for Discounted Bitcoin Exposure
Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, is pursuing a strategic avenue to expand its Bitcoin holdings—by acquiring distressed crypto claims tied to the Mt. Gox collapse rather than buying directly on the open market. The Ohio-based firm disclosed in an SEC filing a partnership with 117 Castell Advisory Group to secure legally approved but undistributed bitcoin claims, aiming to gain exposure at below-market prices.
Mt. Gox, once the dominant cryptocurrency exchange, collapsed in 2014 after losing 750,000 BTC in a historic security breach. Approximately 75,000 BTC from the estate remain pending distribution, now valued at over $8.2 billion. This move highlights institutional interest in alternative methods of Bitcoin accumulation amid tightening supply dynamics.
Analysts View Bitcoin Dip as Precursor to Stronger Rally
Bitcoin's recent pullback to $109,700 has sparked Optimism among analysts rather than concern. The downturn, which dragged altcoins lower in early trading, is being framed as a necessary consolidation before a more powerful upward move.
Phoenix, a prominent market observer, interprets this volatility as typical pre-bull market behavior. "Price discovery requires these shakeouts," he noted, sharing a chart that suggests the current dip may lay groundwork for substantially higher all-time highs. His analysis implies institutional accumulation during these periods of retail uncertainty.
BlackRock’s Bitcoin ETF Tops Daily Inflows, Surpassing Vanguard’s VOO
BlackRock’s iShares bitcoin Trust ETF (IBIT) made history on May 22 by recording the highest single-day inflows among all U.S.-listed exchange-traded funds. With $877.18 million flowing into IBIT, it overtook Vanguard’s S&P 500 ETF (VOO) and iShares Core S&P 500 ETF (IVV), marking a watershed moment for cryptocurrency adoption in traditional finance.
The surge reflects what Bloomberg Senior ETF Analyst Eric Balchunas called a "feeding frenzy" as Bitcoin approaches new price highs. Over the past five weeks, IBIT has amassed approximately $8 billion in inflows, signaling robust institutional demand. Bitwise President Teddy Fusaro noted that Bitcoin ETFs have exceeded expectations since their market debut, further validating crypto’s growing role in investment portfolios.
Bitcoin Open Interest Surges to Record $80B Despite Market Pullback
Bitcoin's open interest has reached an unprecedented $80 billion, signaling strong bullish sentiment even as prices retreat from recent highs. The cryptocurrency briefly touched $111,176 before tumbling 3.4% to $107,367 amid escalating trade tensions.
Market volatility intensified after President TRUMP threatened new tariffs on EU imports and Apple products. Bitcoin's sharp two-hour decline marked one of its most dramatic pullbacks in recent months, though prices quickly rebounded from intraday lows.
Trump's 50% EU Tariff Sparks Crypto Dip, Seen as Buying Opportunity by Analyst
Cryptocurrency markets tumbled following President Trump's announcement of steep 50% tariffs on European Union imports, with Bitcoin relinquishing recent gains after briefly touching a record $111,970. The policy MOVE triggered broad financial market volatility, extending to digital assets.
Market analyst Michaël Van de Poppe framed the selloff as a temporary panic, suggesting the dip presents strategic accumulation opportunities. 'These tariff-induced corrections typically create optimal entry points,' he noted, drawing parallels to previous geopolitical-triggered pullbacks.
The tariff news interrupted a nascent crypto rally that saw Bitcoin surge 18% week-to-date before the announcement. Altcoins mirrored the reversal, though several major tokens showed resilience at key support levels.
Bitcoin Treasury Strategies Under Scrutiny as Crypto Stocks Slide
Crypto-linked equities faced significant pressure on Friday, with Bitcoin treasury plays leading the decline. MicroStrategy (MSTR) and Semler Scientific (SMLR) each tumbled approximately 6%, outpacing Bitcoin's modest 2% dip. Japan's Metaplanet suffered a steeper 24% plunge amid growing skepticism about corporate Bitcoin accumulation strategies.
The selloff coincides with intensifying debate about the sustainability of Michael Saylor's Bitcoin acquisition blueprint. Critics argue these Leveraged treasury plays contradict Bitcoin's decentralized ethos. "These companies represent toxic leverage - the antithesis of Bitcoin's original purpose," remarked cryptocurrency commentator lowstrife, highlighting concerns about financial engineering distorting market dynamics.
