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Asset Entities and Strive Merge to Form Bitcoin Treasury with $1.5 Billion Investment

Asset Entities and Strive Merge to Form Bitcoin Treasury with $1.5 Billion Investment

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by Giorgi Kostiuk

2 days ago

Asset Entities has announced a merger with Strive Enterprises to create a public Bitcoin treasury company, managing assets of over $1.5 billion.

Formation of Strive, Inc.

Following shareholder approval, the new entity will operate under the name Strive, Inc. and continue trading with the ASST ticker. This merger is geared towards large-scale Bitcoin acquisitions.

Market Reaction to the Merger

Upon the merger announcement, ASST stock surged by more than 50% in after-hours trading, reflecting strong investor sentiment towards the company's new acquisition focus.

Strategy for Success

Matt Cole, designated CEO and Chairman, remarked: "Through this reverse-merger structure, the company is uniquely positioned relative to peers to execute our strategy and maximize Bitcoin per share for investors."

The merger of Asset Entities and Strive Enterprises marks a significant event in the market that could impact Bitcoin dynamics and company positioning within the sector.

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