$1.5B BTC Treasury Company Coming as Asset Entities Approves Merger With Vivek Ramaswamy's Strive [Yahoo! Finance]
Strive, Inc. - Class A (ASST)
Company Research
Source: Yahoo! Finance
Following Strive's shareholder approval on Sept.4, this paves the way for the combined company, to be renamed Strive Inc., to pursue a bitcoin treasury strategy. Former presidential candidate Vivek Ramaswamy co-founded Strive Enterprises in 2022. Matt Cole — currently the head of Strive Asset Management — will lead the combined company as chairman and CEO, while Asset Entities' President and CEO Arshia Sarkhani will transition to chief marketing officer and board member. The merger's closing remains subject to Nasdaq listing clearance and other customary conditions, according to the announcement. Strive expects to finalize a $750 million private placement (PIPE) financing upon closing, with potential gross proceeds exceeding $1.5 billion if warrants are exercised. Cole highlighted the company's debt-free structure and strategy to maximize bitcoin per share through disciplined, long-term approaches designed to outperform Bitcoin itself. ASST shares are higher by 38% in U.S. mid
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ASST
News
- Vivek Ramaswamy-Founded Strive Drew $37 Million Investment From This Pension Fund: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Asset Entities Non-GAAP EPS of -$0.01, revenue of $0.25M [Seeking Alpha]Seeking Alpha
- Strive, Inc. Announces Third Quarter 2025 Financial ResultsGlobeNewswire
- Strive raises $149.3 million in oversubscribed “SATA” IPO, buys 1,567 Bitcoin [Yahoo! Finance]Yahoo! Finance
- Strive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPOGlobeNewswire
ASST
Sec Filings
- 12/3/25 - Form S-4/A
- 12/1/25 - Form SCHEDULE
- 11/17/25 - Form SCHEDULE
- ASST's page on the SEC website