Strive Asset Management plans to combine with Asset Entities (NASDAQ: ASST) to form the first publicly traded asset management Bitcoin treasury company.The combined company will be the first 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.
I hadn't heard of section 351:
No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368(c)) of the corporation.
I'm still not entirely sure what it means, but it sounds like a meaningful paper innovation.