Asset Entities shareholders approve merger with Ramaswamy's Strive to form a Bitcoin Finance Company
Source: CoinWorld
Time: 2025-09-10 05:44:16
Asset Entities (ASST) shareholders approved the merger with Strive Enterprises to transform it into a digital asset library focused on Bitcoin. The merged company, renamed Strive, Inc., will be traded under the name of ASST with Matt Cole as CEO. The stock rose 17% to $6.28 and rose 35% after the session. The reverse merger was announced in May to allow tax-free Bitcoin equity transactions under Section 351 of the U.S. Tax Code and include plans to assess bad Bitcoin claims. A private placement of $750 million is expected and additional financing is possible. Its subsidiary Strive Asset Management manages $2 billion in assets.