ASST is approved to merge with Strive and plans to purchase Bitcoin worth over US$700 million

According to BlockBeats, on September 10, Asset Entities Inc (ASST) shareholders have approved the merger with Strive Enterprises, which will be renamed Strive Inc and implement the Bitcoin treasury strategy after the merger. Matt Cole, the current head of Strive Asset Management, will serve as chairman and CEO of the merged company, and Arshia Sarkhani, president and CEO of Asset Entities, will be transferred to Chief Marketing Officer and Board Member. On May 27, asset management company Strive announced that it had completed a $750 million private equity financing and will deploy the "excess Bitcoin earnings" strategy. Strive CEO Matt Cole said in August that it plans to buy over $700 million worth of Bitcoin after its listing.