Odaily News Asset Entities, a digital marketing and content delivery services provider, announced that it has reached a definitive merger agreement with Strive Asset Management. The merged company will operate under the Strive brand, continue to be listed on the Nasdaq, and become a public Bitcoin finance company.
It is reported that Strive Asset Management will promote the accumulation of Bitcoin in a value-added manner. These strategies include: planning to exchange the equity of the merged company for Bitcoin for the first time, and provide investors with tax-free protection in accordance with Section 351 of the US tax law; acquiring cash at a discount by merging with companies with excess capital; and releasing additional leverage to accumulate Bitcoin, while using internal fixed income and derivatives expertise to hedge risks in an innovative way. (Business Insider)