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Hedge Fund Strive Targets $7.9B in Discounted Bitcoin from Mt. Gox Fallout
Hedge Fund Strive Targets $7.9B in Discounted Bitcoin from Mt. Gox Fallout
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Move over vultures—Wall Street’s circling the crypto carcass. Strive Asset Management just signaled plans to scoop up billions in distressed Bitcoin claims from Mt. Gox’s decade-old collapse.
Why now? The defunct exchange’s creditors are finally getting paid—and smart money smells blood in the water. With $7.9 billion in BTC up for grabs, Strive’s betting they can snag coins below market rate from impatient claimants.
Classic finance play: Buy the desperation, sell the euphoria. Just don’t call it altruism—this is arbitrage with a side of schadenfreude.
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