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Investing.com -- Asset Entities Inc. (NASDAQ:ASST) stock surged 15% after shareholders approved the company’s merger with Strive Enterprises, Inc., a key step toward creating what the firms describe as a leading public Bitcoin Treasury Company.
The transaction, which was supported by a strong majority of Asset Entities’ shareholders, follows Strive stockholders’ approval on September 4, 2025. Upon completion, the combined entity will be renamed Strive, Inc. while maintaining the ASST ticker symbol on Nasdaq.
The merger’s closing remains contingent on certain conditions, including Nasdaq’s clearance of the company’s listing application. Matt Cole will lead the combined company as Chief Executive Officer and Chairman, while current Asset Entities President and CEO Arshia Sarkhani will transition to Chief Marketing Officer and retain a board position.
Concurrent with the merger closing, the company expects to finalize a private placement financing anticipated to generate over $750 million in gross proceeds. An additional $750 million could potentially be available through the exercise of warrants issued in the PIPE, bringing potential total proceeds to more than $1.5 billion.
The combined entity plans to operate with a zero-debt profile and focus on Bitcoin treasury management strategies that aim to outperform Bitcoin itself over time, according to company statements.
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