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last mo.

Asset Entities Shareholders Approve Strive Merger, Setting Up Bitcoin-Treasury Pivot and $1.5 Billion Plan

The deal still requires Nasdaq listing clearance before it can close.

strive
$1.5b btc treasury company coming as asset entities approves merger with vivek ramaswamy's strive
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Overview

  • Shareholders of both companies have approved the reverse merger, and the combined entity will be renamed Strive, Inc. while keeping the ASST ticker.
  • The transaction has not closed and is contingent on Nasdaq listing approval and other customary conditions.
  • The company plans a $750 million PIPE plus up to $750 million from warrant exercises to finance large-scale Bitcoin purchases, estimated at about 13,450 BTC at current prices.
  • Matt Cole will serve as CEO and chairman, and Asset Entities’ Arshia Sarkhani will become chief marketing officer and join the board.
  • The strategy includes pursuing distressed Mt. Gox claims targeting roughly 75,000 BTC, and ASST shares jumped about 52% in after-hours trading on the news.