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STRIVE ASSET MANAGEMENT TO COMBINE WITH ASSET ENTITIES (NASDAQ: ASST) TO FORM FIRST PUBLICLY TRADED ASSET MANAGEMENT BITCOIN TREASURY COMPANY
Prnewswire· 2025-05-07 12:40
Company Overview - Strive Asset Management, LLC ("SAM") has entered into a definitive merger agreement with Asset Entities Inc. (NASDAQ: ASST) [3] - The combined entity will operate under the Strive brand and will be listed on NASDAQ as a public Bitcoin Treasury Company [4] Strategic Goals - The company aims to maximize Bitcoin exposure per share over the long term through innovative financial strategies not previously utilized by other Bitcoin treasury companies [1][4] - Strive Asset Management plans to build a Bitcoin war chest in a minimally dilutive manner for common shareholders, using Bitcoin as the hurdle rate for capital deployment [4][5] Innovative Strategies - SAM will implement proprietary strategies to fuel Bitcoin accumulation, including a first-of-its-kind offer of combined company equity in exchange for Bitcoin, intended to be tax-free under Section 351 of the U.S. tax code [5][8] - The company plans to acquire cash at a discount through mergers with overcapitalized companies, creating opportunities to accumulate Bitcoin in an accretive manner [5][6] Financial Structure - The reverse merger structure will provide immediate access to an effective shelf registration statement, allowing the company to raise primary capital post-transaction, with plans to expand to $1 billion [6][7] - The flexibility to raise capital under this effective shelf registration statement is seen as a competitive advantage over other newly formed Bitcoin treasury companies [7] Leadership and Management - Matt Cole will serve as CEO and Chairman of the Board, bringing extensive institutional experience as a former $70 billion fixed income portfolio manager [10] - The management team includes Ben Pham as CFO, Arshia Sarkhani as CMO, and Logan Beirne as CLO, with plans to add respected Bitcoin leaders as independent board directors [11] Company Background - Strive Asset Management has quickly grown to manage approximately $2 billion in assets since its founding in 2022, advocating for capitalism and innovation [12][16] - The merger with Asset Entities is a strategic step to advance the corporate adoption of Bitcoin treasuries, aiming to maximize long-term shareholder value [13]
KULR Launches Blockchain to Create Secure and Verifiable Supply Chain
Globenewswire· 2025-05-01 12:30
Core Viewpoint - KULR Technology Group, Inc. has launched a blockchain-secured supply chain initiative aimed at enhancing transparency and security in product-related data management for its customers [1][2]. Group 1: Blockchain Initiative - The new initiative decentralizes inventory tracking on a blockchain, providing enhanced transparency, security, and real-time visibility across the supply chain [2]. - Each inventory item will be recorded as a tamper-proof, timestamped entry on a distributed ledger, eliminating data manipulation risks and ensuring a single source of truth for all stakeholders [2]. - The blockchain's traceability features will allow KULR to verify product authenticity, monitor asset movement, and streamline audits [2]. Group 2: Product Integration - Lithium-ion batteries that meet NASA's WI 37A rigorous methodology will be one of the initial products recorded on the blockchain, creating a secure and immutable record of testing data for future users [3]. - Each manufactured battery will have its metadata minted as a non-fungible token (NFT) on the blockchain, facilitating ownership transfer upon purchase [4]. Group 3: Strategic Insights - KULR's CEO, Michael Mo, indicated that the move to blockchain for supply chain tracking aligns with the company's previous bitcoin treasury strategy, aiming to leverage proven blockchain technologies for operational efficiency [4]. - The company has developed a customized rollup to Coinbase's Base L2 chain, built on Ethereum, to support its blockchain initiatives [5]. Group 4: Financial Strategy - KULR has committed to holding up to 90% of its surplus cash reserves in bitcoin, having acquired 668 BTC to date [5][7].
Genius Group(GNS) - 2024 H2 - Earnings Call Presentation
2025-04-30 12:31
Company Overview and Vision - Genius Group aims to lead the AI-powered education revolution towards a Bitcoin-first future[4] - The company's mission is to harness technology and solve global challenges through education[8] - Genius Group envisions reaching 100 million students and achieving a $1 billion valuation by 2030[6] - The company aims to establish 100 Genius Cities and accumulate 1,000 Bitcoin in its treasury[6] Financial Performance and Outlook - As of April 29, 2025, the share price was $0.37, and the market cap was $27 million[10] - The company's net asset value in 2024 was $79.4 million, representing a 303% growth[10] - 2024 revenue was $7.8 million, with total assets at $101.1 million and total liabilities at $21.6 million[10] - The company projects 2025 revenue between $10 million and $13 million, with adjusted EBITDA between $0.2 million and $1.0 million[42] Strategic Initiatives - Genius Group plans to build a $120 million, 1,000 Bitcoin Treasury in 2025, with a five-year target to grow it to $1 billion[13] - The company aims to grow its blockchain-based microlearning platform to a $20 million profitable platform within one year[15] - Genius Group intends to expand its global network of Genius Cities, targeting 20 cities in 2025 and a $100 million Genius City business within five years[17]