BlockBeats News, May 8th, Strive Asset Management announced that it will go public through a reverse merger with Asset Entities Inc. (NASDAQ: ASST) and will be listed on the Nasdaq, becoming the world's first publicly traded asset management company with a Bitcoin core strategy.
The company plans to raise up to $1 billion through a "Bitcoin for Stock" mechanism, specifically to expand its Bitcoin reserves. After the merger is completed, Strive will hold 94.2% of the new company's shares, and current CEO Matt Cole will serve as Chairman and CEO. (FinanceFeeds)
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