Strive Capitalizes on Discounted Bitcoin Exposure Through Mt Gox Creditor Claims

In a strategic move to secure Bitcoin at below-market prices, Ohio-based Strive has partnered with 117 Castell Advisory Group LLC to acquire distressed claims from Mt Gox creditors. The defunct Japanese exchange's bankruptcy estate holds approximately 75,000 BTC, presenting a unique opportunity for discounted exposure. This development highlights the growing interest in alternative methods to accumulate Bitcoin amidst market fluctuations. As of August 2025, Strive's approach could set a precedent for institutional investors seeking cost-effective entry points into the cryptocurrency market.

Strive Targets Discounted Bitcoin Exposure Through Mt Gox Creditor Claims

Strive, an Ohio-based corporation, is positioning itself to capitalize on discounted Bitcoin exposure by acquiring claims from Mt Gox creditors. Partnering with 117 Castell Advisory Group LLC, the firm aims to purchase distressed claims tied to the defunct Japanese exchange's bankruptcy estate, which holds approximately 75,000 BTC.

The strategy hinges on securing bitcoin at below-market prices, a move designed to enhance per-share value and outperform direct Bitcoin holdings over time. Mt Gox's unresolved creditor repayments—stemming from its 2014 collapse—have created a secondary market for claims, with many creditors still awaiting settlement after nearly a decade.

Blackstone Gains Indirect Bitcoin Exposure via iShares ETF Investment

Blackstone's $1 trillion portfolio now includes indirect exposure to Bitcoin through a regulated financial instrument. A May 20, 2025 SEC filing reveals the firm's Alternative Multi-Strategy Fund holds 23,094 shares of BlackRock's iShares Bitcoin Trust (IBIT), valued at $59.75 per share as of May 19.

The IBIT ETF, with $66.6 billion in net assets and 636,120.5 BTC under management, reflects Bitcoin's price performance. This MOVE signals institutional adoption through compliant vehicles rather than direct cryptocurrency holdings.

Bitcoin LTH Distribution Continues Amid Market Volatility

Bitcoin's sharp rally to $107,000 on Sunday was short-lived, with prices quickly retracing to consolidate between $100,000 and $105,000. The failed breakout has left investors divided—some view it as a temporary pause before further gains, while others fear a deeper correction if $100,000 support fails.

On-chain data reveals a significant shift in long-term holder behavior. CryptoQuant reports a reduction of over 2 million BTC held by wallets dormant for 18 months to 3 years since November 2023. This sustained distribution phase suggests veteran investors are gradually taking profits, raising questions about institutional capacity to absorb the remaining supply.

Texas Bitcoin Reserve Bill Passes Second Reading – Is Final Approval Likely?

Texas moves closer to establishing a Bitcoin Reserve as bill SB 21 clears its second reading in the House with overwhelming support. The legislation, modeled after New Hampshire's framework, WOULD allow altcoins with a sustained $500 billion market cap over two years to be included.

Political momentum for state-level cryptocurrency reserves has grown since former President TRUMP endorsed the concept. Texas Lieutenant Governor Dan Patrick prioritized the initiative shortly after Trump's inauguration, signaling bipartisan interest in digital asset adoption.

The amended bill now extends the evaluation period for digital assets under consideration, reflecting lawmakers' cautious approach to market volatility. With a 105-23 vote, the legislation demonstrates strong legislative support as it advances toward the governor's desk.

Bitcoin Weekly Close Signals Bullish Continuation Despite Volatility

Bitcoin reaffirmed bullish momentum with a weekly close above $103,000, a critical resistance level that had constrained price action for weeks. The cryptocurrency briefly touched $107,000 before settling NEAR $105,000, demonstrating resilience despite repeated rejections at the higher threshold.

Market structure suggests buyers retain control, with the breakout serving as a foundation for potential upward continuation. Such technical confirmation often precedes extended rallies in crypto markets, where psychological levels heavily influence trader behavior.

Pompliano Attributes Bitcoin's Unstoppable Rise to Expansionary Monetary Policies

Anthony Pompliano, a seasoned cryptocurrency veteran, has underscored Bitcoin's long-term growth trajectory, linking its relentless ascent to global expansionary monetary policies. In a recent social media post, Pompliano dismissed short-term market speculation, arguing that Bitcoin's true momentum derives from systemic fiat debasement rather than transient price forecasts.

As inflationary pressures mount and traditional currencies erode in purchasing power, Bitcoin's role as a hedge against monetary deterioration gains prominence. Pompliano contends that central banks' persistent loose fiscal policies will continue to fuel Bitcoin's upward trajectory—a sentiment resonating across crypto circles.

The discourse reaffirms Bitcoin's evolving narrative: less a speculative asset, more a foundational hedge in an era of unchecked money printing. This macroeconomic perspective now dominates valuation frameworks for the flagship cryptocurrency.