Asset Entities Stock Triples Overnight—Strive Merger and Bitcoin Hype Fuel Frenzy

Wall Street’s latest meme stock? Asset Entities just mooned 200% on merger mania and crypto coattail-riding—because nothing pumps valuations like slapping ’blockchain’ in your press release.

The Strive deal’s backroom math might be fuzzy, but traders aren’t asking questions while Bitcoin flirts with ATHs again. Just don’t mention the 10-Q filings collecting dust in some SEC database.

Another day, another ’strategic pivot’ to catch algos’ short attention spans. The bulls are charging—until the next margin call.

Bitcoin strategy different from Strategy 

Strive’s approach sets it apart from traditional Bitcoin treasury companies like Strategy by treating Bitcoin as the benchmark for capital allocation, not just an asset to hold.

It also aims to outperform Bitcoin itself by using institutional investing expertise to drive accretive growth.

Strive Asset Management, which currently manages about $2 billion in assets, is known for its activist investment strategy focused on financial freedom and anti-ESG initiatives.

 With the merger, Asset Entities strengthens Strive’s outreach capabilities and positions the new company as a corporate advocate for Bitcoin adoption.

The reverse merger will grant the firm immediate access to a shelf registration statement, which it plans to expand to $1 billion to fund Bitcoin purchases through equity and debt offerings. 

CEO Matt Cole, who previously managed $70 billion in fixed income portfolios, will lead the company, backed by a management team with crypto, finance, and legal expertise, according to a company release.