Strive completes the listing merger and announces Bitcoin accumulation strategy and board of directors list.

[Chain News] PANews, September 16 - Recently, Strive, which has just completed a merger with the Nasdaq-listed company Asset Entities, announced the list of board members and details of its Bitcoin accumulation strategy on Monday. The company has raised $750 million in funds and may secure up to another $750 million in financing within the first 12 months according to warrants. The company will raise initial Bitcoin Holdings of 69 coins, worth approximately $7.9 million, under Section 351 of the Internal Revenue Code. As part of its shelf registration, Strive announced a $450 million OTC issuance plan and a $500 million stock buyback plan aimed at maintaining balance sheet flexibility and increasing the "per share Bitcoin" count. The company qualifies as a Well-Known Seasoned Issuer (WKSI), allowing it to omit certain details in regulatory filings while maintaining a "pure equity capital structure." Strive plans to use the shelf registration to issue perpetual preferred equity securities to acquire more Bitcoin in a value-accretive manner, amplifying the Bitcoin risk exposure for common shareholders.

In addition, Matt Cole will serve as the CEO and Chairman of the Board. Three executives from Strive will join him on the board. Board members include the CFO of a certain company, Shirish Jajodia, and the CEO of The Bitcoin Bond Company, Pierre Rochard, among others.