Asset Entities jumps as shareholders approve merger with Strive Enterprises

Asset Entities (NASDAQ:ASST [https://seekingalpha.com/symbol/ASST]) said its shareholders have approved the planned merger with Strive Enterprises, following Strive’s own approval on September 4, 2025.

The deal, backed by a strong majority of Asset Entities investors, moves the companies closer to forming a publicly traded Bitcoin Treasury firm.

Shares of Asset Entities (NASDAQ:ASST [https://seekingalpha.com/symbol/ASST]) surged 52% premarket on Wednesday following the announcement.

The merger remains subject to customary conditions, including Nasdaq’s approval of the company’s listing application. Once completed, the combined entity will be renamed Strive, Inc. and continue trading on Nasdaq under the ticker ASST.

Leadership will transition to Matt Cole as CEO and chairman, while Asset Entities’ president and CEO Arshia Sarkhani will take on the role of chief marketing officer and join the board of directors.

Concurrent with the merger [https://seekingalpha.com/pr/20227083-asset-entities-shareholders-approve-merger-with-strive]closing, Asset Entities (ASST [https://seekingalpha.com/symbol/ASST]) expects to consummate a private placement financing that is anticipated to result in proceeds of more than $750 million, with an additional $750 million potentially available upon the exercise of warrants issued in the placement, for potential aggregate gross proceeds of over $1.5 billion.

MORE ON ASSET ENTITIES

* Asset Entities: 'Yes' Vote For The Win - Strong Buy [https://seekingalpha.com/article/4819401-asset-entities-yes-vote-for-the-win-strong-buy]
* Financial information for Asset Entities [https://seekingalpha.com/symbol/ASST/income-statement]