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Strive Targets $7.9B in Distressed Mt. Gox Bitcoin Claims—A Play for Discounted BTC?
Strive Targets $7.9B in Distressed Mt. Gox Bitcoin Claims—A Play for Discounted BTC?
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Strive Asset Management is making waves with its aggressive bid to scoop up Mt. Gox creditors’ claims—potentially securing Bitcoin at a steep discount. The move could position them as a major accumulator of distressed crypto assets, capitalizing on the decade-old exchange’s infamous collapse.
With $7.9 billion in claims up for grabs, Strive’s playbook mirrors traditional distressed debt strategies—just with a crypto twist. Critics argue it’s another case of Wall Street-style opportunism, but bulls see it as a shrewd bet on Bitcoin’s long-term value.
One thing’s certain: in crypto, even the ashes of the past can fuel tomorrow’s rallies—or dumpster fires.
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