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Strive Asset Management will become the first listed asset management company focused on Bitcoin.
According to Mars Finance, on May 8, Strive Asset Management announced that it will go public on NASDAQ through a Reverse acquisition merger with Asset Entities Inc. (NASDAQ: ASST), becoming the world's first publicly listed asset management company with a Bitcoin-centric 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)