Strive is partnering with 117 Castell Advisory Group to purchase bankruptcy claims tied to the 2014 Mt. Gox collapse—roughly 75,000 BTC at current valuations. By buying at a discount, the firm hopes to gain long-term Bitcoin exposure below market price, then merge with Nasdaq-listed Asset Entities to tap public-market capital for more purchases.
The strategy mirrors classic distressed-debt arbitrage: acquire legal rights to assets that will be distributed over time, lock in the discount, and ride the coin’s potential appreciation. With BTC already above $100 K, even a 10 % haircut on claim value could translate into sizeable upside if prices keep climbing.
Success hinges on court timelines and creditor cooperation—payouts from Mt. Gox have slipped repeatedly over the past decade. Strive must also navigate custody and tax complexities once coins are released, making investor patience and robust legal structuring critical.
