Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury
CointelegraphWednesday, May 21, 2025 at 12:49:54 AM
** Strive, a crypto-focused investment firm, is eyeing a massive haul of 75,000 Bitcoin tied to Mt. Gox claims—the infamous exchange that collapsed in 2014. Their goal? To scoop up those coins and build a Bitcoin treasury, betting big on the long-term value of the cryptocurrency. It’s a bold move that could shake up the market, especially since those Mt. Gox coins have been looming over Bitcoin’s price for years.
What This Means: ** This isn’t just about a firm buying Bitcoin—it’s about unlocking a huge chunk of dormant coins from one of crypto’s biggest disasters. If Strive succeeds, it could ease fears of a sudden market dump (since they’re holding, not selling) while reinforcing institutional interest in Bitcoin. But it also raises questions: Who else is chasing these claims, and what happens if they start moving? Either way, it’s a high-stakes play in crypto’s ongoing comeback story.
— Curated via WP Now’s AI editorial system
