Strive strategically acquires MSTR True North Inc. and appoints a new Chief Risk Officer

ChainCatcher news, Strive, Inc. announced a strategic acquisition of MSTR True North Inc. (True North) through a minimally cash transaction. True North has positive cash flow, and this transaction is expected to enhance platform scalability without incurring additional costs.

As part of the acquisition, True North founder Jeff Walton has been appointed as the CEO of True North and the Chief Risk Officer of Strive, while True North member Ben Werkman will continue to serve as a member of the Strive board. This move solidifies Strive's leading position in advocating for Bitcoin in the new realms of digital capital and digital credit. Strive, as the first publicly listed asset management Bitcoin fund company, currently manages assets exceeding $2 billion.