$BTC

Strive, a subsidiary of Vivek Ramaswamy, will become a Bitcoin treasury company in a $1 billion reverse merger deal.

Strive Asset Management, founded by former presidential candidate Vivek Ramaswamy, plans to go public and accumulate Bitcoin using newly issued shares.

In a bold move aligning with the growing trend of institutional Bitcoin adoption, Strive Asset Management announced on May 7 that it will become a Bitcoin treasury through a merger with Asset Entities, a social media marketing company listed on NASDAQ. The reverse merger will make Strive operate as a publicly traded company under its original brand and begin accumulating Bitcoin using proceeds from share issuance and debt.

Strive Asset Management plans to launch Bitcoin for public trading and acquisition, aiming for an effective investment strategy. This initiative enables the company to capitalize on the increasing trend of Bitcoin adoption by businesses, which could lead to significant growth.