In a rather audacious display of financial bravado, the illustrious billionaire and erstwhile presidential hopeful, Vivek Ramaswamy, has decided to dip his toes into the murky waters of cryptocurrency. His financial services firm, Strive, has entered into a strategic partnership that can only be described as a delightful romp through the world of Bitcoin (BTC).
In a filing that surely had the SEC raising an eyebrow or two, the Ohio-based Strive has announced its collaboration with the ever-so-creative 117 Castell Advisory Group LLC. Together, they aim to procure Bitcoin holdings at what they charmingly refer to as a “discount price.” One can only wonder what that entails—perhaps a buy-one-get-one-free offer on digital currency?
The grand plan? To chase after BTC claims that have already received definitive legal judgments but are still languishing in the ether, awaiting distribution. It’s like waiting for a bus that never arrives, but with more zeros involved.
Strive has set its sights on the infamous Bitcoin claims related to Mt. Gox, the once-mighty crypto exchange that operated between 2010 and 2014. This establishment, which at its zenith handled over 70% of Bitcoin transactions, met its untimely demise following a security breach that resulted in the theft of a staggering 750,000 BTC. Talk about a bad day at the office!
The 75,000 BTC claims from the Mt. Gox estate are currently valued at over $8.2 billion, based on the flagship crypto asset’s price of $109,963. One can only imagine the champagne corks popping in celebration of such a windfall—if only it were that simple!
“This strategy is intended to allow Strive the opportunity to purchase Bitcoin exposure at a discount to market price, enhancing Bitcoin per share and supporting its goal of outperforming Bitcoin over the long run.” Ah, the sweet scent of ambition mixed with a hint of desperation!
As if that weren’t enough, Strive is also planning to join forces with the social media marketing firm Asset Entities to create the first publicly traded asset management Bitcoin treasury company. Because why not throw a little more chaos into the mix?
Read More
- Clash Royale Best Boss Bandit Champion decks
- Mobile Legends November 2025 Leaks: Upcoming new heroes, skins, events and more
- Stocks stay snoozy as Moody’s drops U.S. credit—guess we’re all just waiting for the crash
- Bentley Delivers Largest Fleet of Bespoke Flying Spurs to Galaxy Macau
- The Best Movies of 2025 So Far
- The John Wick spinoff ‘Ballerina’ slays with style, but its dialogue has two left feet
- Bealls & Flexa: Bitcoin Bonanza at 660+ Stores! 🛍️💰
- Clash of Clans: How to beat the Fully Staffed Challenge
- Millionaire Chicken Heir Johnny Ingham and Wife Rey Welcome Their First Baby!
- PUBG Mobile teamed up with Sonic to bring new lucky spin, vehicle finish, and more
2025-05-22 10:29