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Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves – TON BOT

Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves

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Strive Asset Management Firm partners with Castell Advisory Group to acquire distressed Bitcoin claims, including those from Mt. Gox. The firms aim to target claims with legal rulings awaiting distribution, allowing Strive to acquire Bitcoin below market value. The move supports Strive’s goal of outperforming top cryptocurrencies. Approval from shareholders is needed for the acquisition, with potential risks outlined in the SEC filing. Mt. Gox, once the largest Bitcoin exchange, collapsed in 2014 and still holds 75,000 BTC to be distributed to creditors by 2025.

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