Strive Asset Management has been agreed to merge with Asset Entities Inc., making it a scene for a daring transition to a Bitcoin-oriented Treasury Company.
According to a May 7 rackThe deal will let the combined company work under the striving name and continue to act on Nasdaq.
The company said that the move would create the first listed asset manager who is completely in line with the Bitcoin standard.
Strive CFO Ben Pham stated:
“Strive is planning to use all available mechanisms, including new financial strategies that are not used by other Bitcoin Treasury companies to maximize exposure to Bitcoin. We believe that Bitcoin is the obstacle and we are planning to evaluate all business capital implementation about the question than Bitcoin.”
Equity for Bitcoin
One strategy that is levied by the company means that equity is offered in exchange for Bitcoin, which is structured to prevent a taxable event for BTC holders being activated.
Strive is also intended to acquire undervalued or overcapitalized companies to gain access to cash with a discount.
By making use of its internal possibilities in fixed -income income and derivatives, the company expects to strengthen its balance and expand its ability to acquire Bitcoin.
Through this approach, Strive focuses up to $ 1 billion in capital through equity and debt offering to speed up its accumulation strategy.
In the meantime, the inverted merger structure has been designed to give the combined entity immediate access to capital markets, so that many regulatory delays are typically eliminated for public offers. This flexibility is expected to support the rapid growth plans of the company and coordinate the interests of shareholders to the Bitcoin Treasury thesis.
Rising interest in BTC Treasuries
Strive’s Strategic Pivot follows a wider trend from business movements to Bitcoin.
In recent months, various companies, including Bankgigant Cantor Fitzgerald in collaboration with Tether, have shown massive interest in acquiring the TopCrypto.
Around the same time, the Japanese metaplanet announced plans to open an American subsidiary aimed at Bitcoin accumulation.
These companies are part of a growing group that is aimed at challenging strategy (formerly micro strategy), the software company that pioneered with the public Bitcoin Treasury model.
According to analysts at Bernstein, this wave of institutional interest is far from over. The company projects $ 330 billion in the influx of companies into Bitcoin over the next five years, whereby the strategy is expected to lead the costs, while smaller players such as Strive Work to replicate the success.
