Strive Asset Management to Go Public via Reverse Merger, Pioneering Bitcoin Core Strategy on Nasdaq

Strive Asset Management has made headlines on May 8th by announcing its plan to go public via a reverse merger with Asset Entities Inc. (NASDAQ: ASST). This strategic move positions Strive as the world’s first publicly traded asset management company that focuses heavily on a Bitcoin core strategy. The company aims to raise as much as $1 billion through an innovative “Bitcoin for Stock” mechanism, targeting an increase in its Bitcoin reserves post-merger. Following the completion of this transaction, Strive will command a remarkable 94.2% of the shares in the newly formed entity. Matt Cole, the current CEO, is set to transition into the role of Chairman and CEO of the merged company, ensuring continuity in leadership as it navigates this transformative phase in the rapidly evolving crypto landscape.