Strive to acquire MSTR True North in de minimis cash transaction

[M&A - concept waiting for mergers and acquisitions.3D rendering on yellow background.]

Strive (NASDAQ:ASST [https://seekingalpha.com/symbol/ASST]), a bitcoin treasury company backed by entrepreneur and politician Vivek Ramaswamy, announced [https://www.globenewswire.com/news-release/2025/09/16/3150662/0/en/Strive-Announces-Acquisition-of-MSTR-True-North-Inc-Appoints-Jeff-Walton-as-Chief-Risk-Officer-CEO-of-True-North.html] on Tuesday a strategic acquisition of MSTR True North in a de minimis cash transaction.

As part of the acquisition, True North founder Jeff Walton has been appointed chief risk officer of Strive.

The news comes as Strive plans [https://seekingalpha.com/news/4494780-vivek-ramaswamy-backed-strives-plans-for-bitcoin-expansion-with-up-to-15b-in-funding] to expand its bitcoin strategy.

Asset Entities shareholders approved a reverse merger with Strive Enterprises, according to a company statement yesterday, creating what executives call a leading public bitcoin treasury company with potential $1.5B in funding.

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]
* Strive to offer $450M in Class A common stock via "at the market" offering [https://seekingalpha.com/news/4494859-strive-to-offer-450m-in-class-a-common-stock-via-at-the-market-offering]
* Vivek Ramaswamy backed Strive plans for bitcoin expansion with up to $1.5B in funding [https://seekingalpha.com/news/4494780-vivek-ramaswamy-backed-strives-plans-for-bitcoin-expansion-with-up-to-15b-in-funding]
* Financial information for Asset Entities [https://seekingalpha.com/symbol/ASST/income-statement]