Strive Asset Management is set to merge with NASDAQ-listed Asset Entities, creating a public Bitcoin Treasury Company. The newly formed entity aims to raise as much as $1 billion to accumulate Bitcoin through various financing methods.

Key Points:

• The merger will operate under the Strive name on NASDAQ.
• Innovative strategies will include stock-for-Bitcoin swaps using a tax-free Section 351 framework for accredited investors.
• The CEO, Matt Cole, plans to outperform Bitcoin as a benchmark while utilizing overcapitalized firms and structured products to hedge risks.

Shares of Asset Entities rose 194% following the merger announcement. The deal is designed to increase capital raise potential to $1 billion after the merger.

Strive, since its inception in 2022, has rapidly grown, managing about $2 billion, and is dedicated to fostering Bitcoin adoption across corporate treasuries.