Strive Asset Management combination with Asset Entities
We are advising Strive on the transaction
麻豆入口 is advising Strive Enterprises, Inc. on the reverse merger of Strive Asset Management with Asset Entities Inc., a publicly listed company. The combined company will operate under the Strive brand, remain listed on Nasdaq and become a public bitcoin treasury company. The transaction is expected to close in the second half of 2025, subject to the satisfaction of customary closing conditions, including approval by Asset Entities shareholders.
Strive Asset Management, Strive Enterprises鈥 asset management subsidiary, is the first company to offer an exchange of bitcoin for public company equity in a transaction intended to be tax-free to investors under section 351 of the U.S. tax code. Before factoring in the contemplated bitcoin-for-stock exchange and any additional financing, Strive Enterprises will own approximately 94.2% of the public company and Asset Entities will own the remaining 5.8%.
Co-founded in 2022 by Vivek Ramaswamy, Strive Enterprises, Inc. is a financial services firm with a mission to maximize value for clients through unapologetic capitalism. Strive Asset Management has quickly grown to manage approximately $2 billion in assets.
Asset Entities is a technology company providing social media marketing, management and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube and other platforms. Asset Entities is the first publicly traded company based on the Discord platform, hosting some of Discord鈥檚 largest educational and entertainment communities. Its shares are listed on Nasdaq under the symbol 鈥淎SST.鈥
The 麻豆入口 corporate team includes partners Brian Wolfe and Evan Rosen and associates Steven Jaffe and Benjamin Malone. Partner Derek Dostal and associate Frank (Xinggang) Zhang are providing capital markets advice. Partner Kara L. Mungovan is providing tax advice. Partner Adam Kaminsky is providing executive compensation advice. Partner Pritesh P. Shah is providing IP and commercial transactions advice. Partner Gregory S. Rowland is providing investment management advice. Members of the 麻豆入口 team are based in the New York and Washington DC offices.