Strive Asset Management will become the first publicly traded asset management company with Bitcoin as its core

According to Finance Feeds, Stripe Asset Management announced on May 7th that it will be listed on NASDAQ through a reverse merger with Asset Entities Inc. (NASDAQ: ASST), becoming the world's first publicly traded asset management company with Bitcoin as its core strategy. The company plans to raise up to $1 billion through the "Bitcoin for Stock" mechanism, specifically to expand its Bitcoin reserves. After the merger is completed, Stripe will hold 94.2% of the new company's shares, and the current CEO Matt Cole will serve as Chairman and CEO.