BlockBeats News, May 7th, according to Business Insider, digital marketing and content delivery service provider Asset Entities (Nasdaq stock code: ASST) announced that it has reached a definitive merger agreement with Strive Asset Management. The merged company will operate under the Strive brand, continue to be listed on Nasdaq, and become a publicly traded Bitcoin financial company. Strive CEO Matt Cole will introduce the transaction and company strategy at 2:15 PM PT today at the Strategy World conference. Strive Asset Management will drive Bitcoin accumulation in an additive manner through strategies that include: planning to initially exchange equity in the merged company for Bitcoin and, in accordance with Section 351 of the U.S. tax code, provide investor protection in a tax-efficient manner; acquiring cash at a discounted price through mergers with cash-rich companies; and deploying additional leverage to accumulate Bitcoin, while using in-house fixed income and derivatives expertise to innovatively hedge risks.
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