Strive Asset Management plans to launch what it is billing as the ‘first’ publicly traded ‘bitcoin treasury company.’
The firm, a subsidiary of Strive Enterprises, which was founded by one-time presidential hopeful and current Ohio gubernatorial candidate Vivek Ramaswamy, plans to merge with Asset Entities, a public digital content company listed on the NASDAQ.
The new combined public company would seek to accumulate bitcoin in a variety of ways, including offering investors stock in exchange for bitcoin in what is meant to be a tax-free Section 351 exchange.