Strive Completes Merger and Raises $750 Million for Bitcoin Strategy Financing

The merger of Strive, Inc. with Asset Entities, Inc., and Strive Enterprises, Inc. was completed. The merger comes with a precedent in a major fundraising and remarkable achievement. The company raised US$750 million in equity financing in an attempt to strengthen its foothold in the world cryptocurrency sector.The fundraising proceeds might further increase. Strive has stated that a further amount of US$750 million could find its way through warrant exercises, which will potentially take the final tally almost to US$1.5 billion. Following this transaction, Strive will continue to be listed on the Nasdaq exchange under the ticker ASST.Now, this is what positions the firm to make a great difference in the digital asset and asset-management space. Having said that, investors are now turning their attention to the financing model of Strive’s Bitcoin strategy for positioning it to stay as a long-term service in the crypto marketplaceThe core keyword Strive Bitcoin strategy financing reveals the primary business development model. Strive plans to invest the funds raised in the accumulation of Bitcoin. With this cashback, it aspires to be the first publicly traded asset-management-level Bitcoin treasury company.The company model intends to increase Bitcoin per share steadily. The longer-term objective is not only to act as a benchmark for general Bitcoin performance but also to outperform it. By accumulation of Bitcoin and strategic deployment of its treasury, Strive believes it can guarantee better shareholder returns.Its subsidiary Strive Asset Management, LLC, is presently managing assets over US$ 2 billion. Having a strong base bodes well for the company’s venture into Bitcoin-based financial strategies.

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