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Strive Asset Management will become the first listed asset management company focused on Bitcoin.

MarsBitNews
BTC-0,79%

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)

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