Asset Entities’ Shares Soar 35% Following Shareholder Merger Approval

Merger greenlight sends Asset Entities stock skyrocketing—proof that sometimes corporate paperwork actually pays off.

The Numbers Don't Lie

A 35% surge isn't just a bump—it's a market stampede. Shareholders voted yes, and the market responded with a textbook bullish breakout that left shorts scrambling.

Behind the Momentum

Mergers often promise synergy—this one delivered immediate gains. No vague projections here, just cold hard double-digit percentage moves that even traditional finance skeptics can't ignore.

What's Next?

Markets hate uncertainty—and this approval just vaporized it. Now the real work begins: turning merger promises into operational reality. Because let's be honest—Wall Street's patience lasts about as long as a crypto bull run.

Asset Entities aims to raise $750 million via a private placement

After the merger, which received strong support from Asset Entities’ shareholders, is complete, the company will rebrand as Strive, Inc., but keep trading under the ASST ticker on Nasdaq. Matt Cole will step in as CEO and Chairman of the Board, while Arshia Sarkhani, who currently serves as President and CEO of Asset Entities, will be Chief Marketing Officer.

Cole commented on the shareholders’ approval, “This shareholder approval is a defining moment in our mission to build a world-class bitcoin Treasury Company. […] Our focus is on disciplined, long-term strategies designed to outperform Bitcoin itself over time and create perpetual shareholder value.”

Sarkhani also shared that the company is excited about the approval, which he sees as a big step toward building one of the most successful Bitcoin treasury businesses and taking care of existing shareholders.

Supported by the strong vote in favour of the merger from the shareholders of Asset Entities, the move is a strategic decision to make the company a leader in the cryptocurrency industry. The proposed $1.5 billion transaction consists of $750 million in public equity (PIPE)  financing alongside $750 million in potential warrant exercise.

Strive, Inc. seeks to build sustainable shareholder value over the long term while building positions in businesses and ecosystems that can drive growth across the digital asset economy. Its zero-debt status also allows the company to compete favourably against peers in the fast-growth digital asset space.

Strive targets distressed Bitcoin and tax-free swaps

The companies first unveiled the merger in May, calling the reverse merger structure groundbreaking for enabling a tax-free Bitcoin-to-equity exchange under Section 351. At the time, Strive explained that it planned to use multiple strategies to build a large Bitcoin position while protecting shareholder value, using Bitcoin’s performance as the benchmark for deploying capital. It claimed the reverse merger will give it a competitive edge by allowing the company to raise capital through an unprecedented equity-for-bitcoin exchange.

CEO Cole even stated that the deal WOULD create a new way for early Bitcoin investors to put their gains to work. Instead of selling and paying taxes, they can swap Bitcoin for equity in a tax-free transaction after the merger.

At the same time, the company revealed it would be looking at claims involving distressed Bitcoin, such as 75,000 BTC linked to the collapsed Mt. Gox exchange. The Bitcoin holdings of the now-defunct Japanese exchange have been a focal point in the crypto industry since 2014, when they were stolen and the exchange subsequently declared bankruptcy.

According to a recent filing with the SEC, Strive said this would allow it to gain BTC exposure at a discount. As previously reported by Cryptopolitan, the Ohio-based firm is teaming up with 117 Castell Advisory Group LLC to identify and acquire such claims. The filing highlighted the Mt. Gox bankruptcy estate, which holds around 75,000 Bitcoin, noting that these distressed and confirmed claims may come at a lower cost.

It said, “This strategy is intended to allow Strive the opportunity to purchase Bitcoin exposure at a discount to market price, enhancing Bitcoin per share and supporting its goal of outperforming Bitcoin over the long run.”

The firm, which launched its first ETF in 2022, oversees over $2 billion in assets. The company’s co-founder, biotech billionaire and former presidential candidate Vivek Ramaswamy, is now a leading contender for Ohio’s 2026 gubernatorial race.

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