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Strive plans to merge with ASS, promoting the financialization and listing of Bitcoin.
Wu learned that Strive Asset Management announced plans to merge with Asset Entities (NASDAQ: ASST). After the merger, it will become the first publicly traded asset management Bitcoin financial company and plans to conduct stock and Bitcoin exchange transactions tax-free under Section 351 of the U.S. tax code. Upon completion of the merger, ASST will file a registration statement and publish relevant proxy statements and prospectuses.