Strive Asset Management will become the first listed asset management company with Bitcoin as its core
2025-05-08 06:07:17
According to FinanceFeeds, Strive Asset Management announced on May 7 that it will be listed on Nasdaq through a reverse merger merger with Asset Entities Inc. (NASDAQ: ASST), becoming the world's first listed asset management company with bitcoin as its core strategy. The company plans to raise up to $1 billion through a "bitcoin-for-stock" mechanism to specifically expand its bitcoin reserves. After the merger is completed, Strive will hold a 94.2% stake in the new company, and current CEO Matt Cole will serve as chairperson and CEO.
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