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Strive Eyes $7.9B in Mt. Gox Bitcoin Claims to Buy BTC at a Discount

Strive Asset Management is exploring a strategic opportunity to acquire up to $7.9 billion in distressed claims tied to the infamous collapse of Mt. Gox—the once-dominant crypto exchange that lost hundreds of thousands of bitcoins in 2014.

The investment firm’s goal is to gain exposure to Bitcoin at a discounted rate by purchasing these claims from creditors who are still awaiting repayment. Many of these creditors are willing to sell their claims at significant markdowns, providing potential buyers with a way to obtain Bitcoin exposure for less than current market prices.

This strategy hinges on the eventual distribution of assets from Mt. Gox’s bankruptcy proceedings, expected later this year. If successful, Strive could receive Bitcoin or cash equivalents at a fraction of the market cost. The firm aims to outperform the price of Bitcoin itself over the long term by locking in these discounts today.

The move reflects a growing interest among institutional players in distressed crypto assets—especially those offering upside potential with carefully calculated risk.

By targeting these claims, Strive is betting that a disciplined, contrarian approach to Bitcoin accumulation could ultimately generate stronger returns than simply buying BTC on the open market.