“Strive’s bold bet: $1.5 billion will be used to store 13,450 bitcoins”
Source: CoinWorld
Time: 2025-09-10 22:18:35
Asset Entities shares soared more than 50% in after-hours trading after shareholders approved the merger with Strive Enterprises to form a $1.5 billion Bitcoin money management company. The new entity, Strive Inc., will trade on ASST and plans to raise $1.5 billion through PIPE issuance and warrant exercise to subscribe to approximately 13,450 bitcoins, thus becoming one of the top ten bitcoin holders. The merger reflects the growing trend of listed companies adopting Bitcoin, with 186 companies currently holding more than 1 million Bitcoins, accounting for 5.1% of the circulating supply.