Strive & Asset Entities Merge: $1B Bitcoin Treasury
Strive Asset Management and Asset Entities Merge to Create Public Bitcoin Treasury Company
Asset Entities, a technology firm specializing in social media marketing and content delivery, and Strive Asset Management, backed by Vivek Ramaswamy, have announced a definitive merger agreement. This merger will result in the creation of a publicly traded Bitcoin treasury company, operating under the Strive brand and retaining its Nasdaq listing.
Key Objectives
- Maximize Bitcoin exposure per share.
- Outperform Bitcoin's long-term performance.
- Raise up to $1 billion in capital through equity and debt offerings.
The new entity will utilize a reverse merger structure, providing immediate access to a shelf registration statement, facilitating rapid capital raising post-merger. The raised capital will be strategically invested in Bitcoin, aligning Strive with other U.S. public companies incorporating Bitcoin into their balance sheets. This structure also allows Bitcoin holders to potentially exchange their assets for public stock in a tax-free manner.
Leadership and Vision
The executive team will be led by Matt Cole, a former $70 billion fixed income portfolio manager, alongside CFO Ben Pham, CMO Arshia Sarkhani, and CLO Logan Beirne. The board will include prominent Bitcoin advocates Ben Werkman, Jeff Walton, and Avik Roy. Arshia Sarkhani, President and CEO of Asset Entities, stated, “We are thrilled to be joining forces with Strive Asset Management to help pioneer the future of corporate Bitcoin treasury strategies. Our strength in building and activating online communities uniquely positions us to drive education, engagement, and adoption of Bitcoin-centric financial models.”
Strategic Implications
This merger reflects the growing trend of institutional and corporate Bitcoin adoption, driven by macroeconomic factors, regulatory clarity, and rising U.S. market demand for digital assets. The creation of this Bitcoin-focused public company follows the recent launch of Twenty One, a Bitcoin-native company aiming to acquire over 42,000 BTC.
Strive Asset Management already offers Bitcoin exposure through its exchange-traded products, including the Strive Bitcoin Bond ETF, which allocates at least 80% of its assets to Bitcoin bonds and derivatives. This merger signifies a significant expansion of Strive's Bitcoin-centric offerings.
Note: The merger is subject to regulatory approval and customary closing conditions. A closing date has not been announced.
Codeum provides comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. These services are crucial for ensuring the security and success of projects like this Bitcoin treasury company.