Strive Asset Management will become the first listed asset management company with Bitcoin as its core

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On May 8, Strive Asset Management announced that it will be listed on Nasdaq through a reverse merger acquisition with Asset Entities Inc. (NASDAQ: ASST), becoming the world's first 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, Strive will hold 94.2% of the new company's shares, and current CEO Matt Cole will serve as Chairman and Chief Executive Officer. (FinanceFeeds)

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