Vultures Circle: Investors Eye Fire-Sale Prices on Mt. Gox’s ’Distressed’ Bitcoin Stash

Nearly a decade after its collapse, Mt. Gox’s remaining Bitcoin hoard is back in the spotlight—and bargain hunters are salivating.

With creditors still waiting for payouts, opportunistic buyers are whispering about snagging claims at 30 cents on the dollar. Because nothing says ’crypto renaissance’ like profiting off one of the industry’s most infamous disasters.

Wall Street’s playbook meets blockchain’s scars—just don’t call it recovery, call it arbitrage.

Vivek Ramaswamy’s journey with Strive

Vivek Ramaswamy co-founded Strive back in 2022 to challenge the prevailing ESG and DEI investment trends, advocating instead for shareholder primacy and depoliticized capitalism. Ramaswamy resigned as Executive Chairman in 2023 to pursue a presidential bid, after which Matt Cole took over leadership.

Ramaswamy briefly joined Doge but stepped down to potentially pursue a role in Ohio politics.

Under Cole, Strive expanded into wealth management and embraced Bitcoin, planning to become the first publicly traded asset manager with a Bitcoin treasury. Ramaswamy no longer holds an executive role, but his vision continues to shape Strive’s direction, according to the company.

Strive’s merger with Asset Entities 

The filing also noted that the transaction is tied to a proposed merger between Strive and Asset Entities Inc. — a move that WOULD result in a combined company with greater scale and access to public capital markets. ASST is expected to issue new shares as part of the deal.

Mt. Gox, once the world’s leading Bitcoin exchange, collapsed in 2014 after a series of hacks led to the loss of over 800,000 BTC. Creditors have waited more than a decade for partial recovery, with distributions now expected in the coming months.