Vivek Ramaswamy’s Strive Aims for Bitcoin Treasury Company Status via $1B Reverse Merger

Strive Asset Management, founded by former presidential candidate Vivek Ramaswamy, is planning a public listing and will leverage newly issued stock to acquire Bitcoin. The company announced on May 7 that it will become a Bitcoin treasury company through a reverse merger with Asset Entities, a Nasdaq-listed social media marketing firm. The deal will see Strive operate as a publicly traded entity and begin accumulating Bitcoin using proceeds from stock and debt offerings.