NEW ALLIANCE TO CREATE PREMIER OPPORTUNITIES IN DISTRESSED CRYPTO ASSETS
117 PARTNERS WITH STRIVE ENTERPRISES AND ASSET ENTITIES, INC.
SAVANNAH, Ga., May 28, 2025 /PRNewswire/ -- 117 Partners LLC, a leader in specialized cryptocurrency asset recovery and advisory, today announced it has entered into a strategic partnership with Strive Enterprises, Inc. ("Strive") and Asset Entities, Inc. ("ASST"). Through this collaboration, 117 Partners will focus its extensive expertise and resources on the distressed crypto claims market thereby advancing Strive's strategic objective of acquiring Bitcoin exposure at compelling valuations. More specifically, 117 Partners will identify and secure high-potential distressed Bitcoin claims, including those with definitive legal judgments pending distribution.
"This is a landmark moment for 117 Partners. We've built a proprietary know-how and network of the biggest crypto claimholders—spanning everything from early cases like Bitcoinica to obscure busted ICOs and today's headline dockets like FTX, Celsius, MtGox and 3AC. Our team's deep experience covers the full spectrum of deal complexities, whether it's structured deals, §351 exchanges, or shares-for-claims transactions," said Thomas Braziel, Managing Member at 117 Partners and a leading expert on Bitcoin claims. "By joining forces with Strive and ASST, and bringing our distinct advantages to this venture, we are poised to corner the distressed crypto space."
"Acquiring Bitcoin claims at a discount is one of the most obvious and innovative ways to accrue value to our common shareholders and increase Bitcoin per share through an alpha strategy," said Matt Cole, CEO of Strive. "117 Partners brings unmatched precision, access, and execution capabilities in the crypto claims space - making them the ideal partner to lead this effort alongside Strive."
117 Partners role will be pivotal in sourcing and evaluating these specialized assets, drawing upon its strategic insights and resources to support Strive's goal of enhancing its Bitcoin per share and outperforming Bitcoin over the long run.
About 117 Partners LLC -- 117 Partners LLC is at the forefront of the distressed digital asset market, offering specialized advisory services and proprietary solutions for complex cryptocurrency claims. Our dedicated team leverages deep industry knowledge, extensive networks, and a data-driven approach to unlock value and navigate the intricacies of crypto insolvencies and recoveries.
Contact:
117 Partners LLC
130 Canal St., #602, Pooler, GA 31322
(646) 650-5096
https://www.117partners.com
Thomas Braziel
Tom@117Partners.com
(646) 650-5096
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-alliance-to-create-premier-opportunities-in-distressed-crypto-assets-302467412.html
SOURCE 117 Partners