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Strive Announces Acquisition of MSTR True North Inc. Appoints Jeff Walton as Chief Risk Officer & CEO of True North
Globenewswireยท 2025-09-16 11:15
Core Insights - Strive, Inc. has announced a strategic acquisition of True North Inc. in a de minimis cash transaction, enhancing its position in Bitcoin advocacy and digital finance [1] - The acquisition is expected to create synergies that will facilitate platform expansion without incurring additional costs [1] - True North's founder, Jeff Walton, has been appointed as CEO of True North and Chief Risk Officer of Strive, indicating a leadership integration [2] Company Overview - Strive is the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share to outperform Bitcoin over the long term [4] - Since launching its first ETF in August 2022, Strive has grown to manage over $2 billion in assets [4] Strategic Implications - The acquisition allows True North to leverage existing distribution channels built by Asset Entities, marking a new expansionary era for its media platform, including its Investment Grade Bitcoin podcast [2] - Jeff Walton expressed that joining forces with Strive is a rational path to amplify True North's influence and accelerate market development [3]