117 Partners LLC has announced a strategic alliance with Strive Enterprises Inc. and Asset Entities Inc., forming a joint initiative to capitalize on high-value opportunities in the distressed Bitcoin claims market.
As part of this collaboration, 117 Partners will lead efforts in sourcing, analyzing, and acquiring undervalued crypto claims, positioning itself at the forefront of a niche yet rapidly growing segment of the digital asset space.
This partnership supports Strive’s broader strategy to boost its Bitcoin exposure by acquiring claims at discounted valuations—a tactic the company views as a high-alpha approach to enhancing long-term shareholder value. With its proven track record in crypto asset recovery, 117 Partners brings critical expertise in navigating complex legal and financial landscapes tied to distressed digital assets.
New Alliance To Create Premier Opportunities In Distressed Crypto Assets – 117 Partners With Strive Enterprises And Asset Entities, Inc.
https://t.co/mOB9xedaiM— 117 Partners (@117partners) May 28, 2025
Adding further weight to the collaboration, Thomas Braziel, Managing Member at 117 Partners, underscored the firm’s experience in handling a wide range of crypto bankruptcy cases.
“Our team has been involved in everything from early insolvencies like Bitcoinica to today’s headline cases including FTX, Celsius, Mt. Gox, and 3AC,”
said Braziel.
“With our capabilities in structured deals, §351 exchanges, and shares-for-claims transactions, we’re well equipped to drive this initiative forward.”
Strive’s CEO Matt Cole echoed that sentiment, calling the acquisition of discounted Bitcoin claims “one of the most innovative ways” to increase value and outperform direct Bitcoin exposure. He emphasized that 117 Partners’ operational precision and industry access make them the ideal partner to execute this strategy and enhance Bitcoin per share for investors.
Under the agreement, 117 Partners will leverage its proprietary network and market intelligence to focus on legally viable claims nearing distribution. This targeted approach is expected to offer a competitive edge as institutional interest in distressed crypto assets accelerates.
Meanwhile, in broader market commentary, CryptoQuant CEO Ki Young Ju has drawn attention to the growing influence of U.S. investors in driving Bitcoin’s current bull run. He noted that Coinbase now accounts for over 30% of global Bitcoin spot trading volume.
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