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Strive merged with Asset Entities to become a public Bitcoin company.
Financial experts report that Asset Entities (NASDAQ: ASST) has finalized a merger agreement with Strive Asset Management. After the merger, the company will be renamed Strive and will continue to list on Nasdaq, successfully converting into a Bitcoin financial company. The CEO of Strive, Matt Cole, will present details of the transaction and the barbell strategy at the World Strategy Conference today.
Strive will pursue a value-added strategy to promote the accumulation of Bitcoin. The method includes exchanging Bitcoin for equity and protecting tax-free for investors under Section 351 of the U.S. tax code. They will also repurchase cash at a discount and issue additional leverage to accumulate Bitcoin. Strive will leverage expertise in fixed income and derivatives to innovate and mitigate risks.
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