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Vivek Ramaswamy and his asset management firm Strive are moving to buy 75,000 discounted claims on Bitcoin linked to the notorious Mt. Gox crypto exchange, just as Bitcoin nears its all-time high.
In a May 20 filing with regulators, Strive said it partnered with 117 Castell Advisory Group LLC to buy Mt. Gox Bitcoin claims with confirmed legal judgments that have yet to be distributed.
Bitcoin traded up 1.1% at $106, 437 as of 4:47 a.m. EST as it neared its ATH of $109,114.
Vivek Ramaswamy And Strive Aim To Outperform Bitcoin
Ramaswamy, who ran as a Republican candidate for president last year, is using Strive to expand his crypto holdings.
Strive said buying the Mt. Gox Bitcoin claims would allow it to acquire BTC below the current market price, which stands at $107,620.45 at 12:29 a.m. EST, according to CoinMarketCap.
Buying the Bitcoin at a discount now will also support the company’s “goal of outperforming Bitcoin over the long run,” Strive said, adding that it needs shareholder approval to pursue the Mt. Gox claims.
But time is tight for Strive to buy the Mt. Gox Bitcoin claims because the exchange is expected to fully repay its creditors by Oct. 31.
Strive’s push to grow its Bitcoin reserves comes amid a broader drive by institutions to grow their Bitcoin exposure. Leading corporate BTC holder Strategy said on Monday that it bought another 7,390 Bitcoin
Strategy has acquired 7,390 BTC for ~$764.9 million at ~$103,498 per bitcoin and has achieved BTC Yield of 16.3% YTD 2025. As of 5/18/2025, we hodl 576,230 $BTC acquired for ~$40.18 billion at ~$69,726 per bitcoin. $MSTR $STRK $STRF https://t.co/QwYKgLkfPX
— Michael Saylor (@saylor) May 19, 2025
Similarly, Japan-based Metaplanet also acquired an additional 1,004 BTC recently.
Best Crypto To Buy Now As BTC Bull Token Takes Spotlight
As institutions bulk up on Bitcoin, retail investors seeking exposure to the crypto king are turning their focus to new, cheaper opportunities.
One standout is BTC Bull Token (BTCBULL), a presale project that rewards holders with free Bitcoin airdrops whenever Bitcoin hits new ATHs, starting at $150,000. The airdrops will repeat for every $50K increase in the BTC price after that.
There will also be a series of BTCBULL token burns. These start at $125K and repeat every time the BTC price rises another $25k.
YouTube channel 99Bitcoins, with over 723K subscribers, predicts BTCBULL could soar 10X after launch.
Those interested to join investors who have pumped more than $6 million into the BTCBULL presale can buy tokens for $0.00252 each.
Buy before a price hike in less than 2 hours to secure the best deal.
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- Most NFTs Are Not Securities – Hester Peirce
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