May 21, 2025 — Strive Enterprises, a company co-founded by Vivek Ramaswami, is taking a big step in the world of cryptocurrencies. The company wants to buy about 75,000 bitcoins from the property of a failed crypto exchange called Mt. Gox. Mt. Gox was attacked by hackers in 2014 and a lot of bitcoin was stolen. Since then, compensation has not been received.
People have been waiting for a long time to get their bitcoins back after Mt. Gox shut down in 2014. Strive wants to take advantage of this opportunity to buy bitcoins at a discount. The company wants to increase its bitcoin treasury and is also planning to meet with Asset Entities Inc.
Vivek Ramaswami is a big supporter of crypto and believes that bitcoin helps save money even in economic difficulties. He has made Strive a company that is ready for the financial system of the future. He has said that bitcoin is a better and safer option than traditional money.
BREAKING: Vivek Ramaswamy’s Strive to establish a #Bitcoin reserve by purchasing 75,000 BTC from Mt. Gox at a discount.
Strive has thoroughly investigated the claims of Mt. Gox in collaboration with an expert company 117 Castell Advisory Group for this work. For this purchase, the company will also have to get approval from its shareholders and the US government. If this purchase is successful, Strive’s wealth will increase significantly.
The story of Mt. Gox has been a big concern for the crypto world because people had to wait a very long time to get their bitcoins back. So far there are about 140,000 bitcoins left, and Strive wants to buy 75,000 bitcoins, which is a large number. This work needs to be completed by October 2025, so Strive is taking quick steps.
This move of Ramaswami shows that he is going to bring change in both finance and politics. He has always talked about new ideas and freedom. He believes that Bitcoin will be a part of the future financial system.
People in the crypto market are watching this decision of Strive carefully. This purchase can set a new example in the world of crypto. This deal will affect not only Strive but also the entire crypto world.
Note: This deal is still for approval and its result can change according to the market situation.
Also Read: South Korea to Allow Limited Crypto Sales to Exchanges, Nonprofits from June 2025
