Strive Asset Management Merges with Asset Entities to Become a Publicly Traded Bitcoin Financial Company

COINOTAG News, May 7th – Asset Entities (NASDAQ: ASST), specializing in digital marketing and content delivery, has officially announced its merger with Strive Asset Management, as reported by Business Insider. The newly formed entity will operate under the Strive brand and will maintain its listing on the Nasdaq, evolving into a public-facing entity dedicated to Bitcoin financial services. Strive CEO Matt Cole is set to unveil the merger’s strategic implications during a presentation at the Strategy World conference at 2:15 PM PT.

Post-merger, Strive aims to enhance its Bitcoin accumulation strategies. Initial steps will involve exchanging equity stakes for Bitcoin, ensuring compliance with Section 351 of the U.S. tax code to facilitate tax-efficient investor safeguards. Furthermore, the firm intends to leverage its capital by merging with financially robust companies while employing advanced fixed income and derivatives strategies to mitigate risks in its Bitcoin acquisition endeavors.