Strive Asset Management, LLC, an institutional investment company of $ 2 billion and subsidiary of Strive Enterprises, Inc., has announced a final merger with asset Enities Inc. (Nasdaq: Asst), a digital content and social media technology. The transaction will result in a new device that claims to be the first public Bitcoin Treasury company designed to maximize Bitcoin exposure per day. Stock using innovative, minimally dilute strategies.
The merged company works under the strive mark and remains noted on Nasdaq. Matt Cole, Strive CEO, will lead the new unit as chairman and CEO and is ready to deliver the first public comments on the announcement today at. 14:15 A Under Strategy World Conference, Available via Livestream below:
Here’s what they’re doing:
- Bitcoin-for-Stock offer:
Strive plans to let some accredited investors trade their Bitcoin for the business inventory without paying taxes ahead. This is through section 351 of the US tax code. The deal could go up to $ 1 billion and is expected to be tax -free if the requirements are met. - Purchase of cash for a discount:
Striving wants to merge with public companies that have more cash than their share is worth. This lets strive to get cash cheap and use it to buy more Bitcoin, which can help grow value for shareholders. - Using gearing and covering:
Strive will use its regular income and derivatives experience to borrow money and hedge risks while buying more Bitcoin. They say no other Bitcoin Treasury has used this kind of strategy. - Ready to raise more capital:
Due to how the merger is created, the new company will be able to raise money quickly using a shelf registration of $ 1 billion. They will only use this when it helps shareholders.
Strive’s mission is clear: Build a long -lasting Bitcoin Treasury with a capital installation strategy aimed at outdating Bitcoin itself. To achieve this, Strive claims that it implements a number of first-class financial tools that have not been used before in the Bitcoin Treasury space.
The executive team of the combined company includes Ben Pham as CFO, Arshia Sarkhani (former CEO of Asset units) such as CMO and Logan Beirne as Clo. Additional board members will include Bitcoin Advocates Ben Werkman, Jeff Walton and Avik Roy.
Since its founding in 2022, Strive Asset Management has quickly emerged as a strength in the asset management industry that challenges ESG mandates and advocates unpainted capitalism. This merger marks the beginning of a new strategic push: Corporate adoption of Bitcoin Treasuries.