Asset Entities' shares jumped 35% after shareholders approved merger

Asset Entities Inc. (ASST) shares rallied in the extended session late Tuesday after the company said shareholders had approved a merger with Strive ￰0￱ deal is projected to create one of the world’s largest publicly traded Bitcoin treasury businesses and will seek to raise as much as $1.5 billion to acquire Bitcoin ￰1￱ of Asset Entities closed on Tuesday at 17% at $6.28, but soared to 35% after hours on the back of the shareholder approval ￰2￱ strong vote of confidence puts Asset Entities one step closer to its plan of becoming a leading Bitcoin treasury company. However, final approval, including Nasdaq’s sign-off on the listing application, is still ￰3￱ 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 ￰4￱ 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 ￰5￱ commented on the shareholders’ approval, “This shareholder approval is a defining moment in our mission to build a world-class Bitcoin Treasury ￰6￱ 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 ￰7￱ 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 ￰8￱ proposed $1.5 billion transaction consists of $750 million in public equity ( PIPE) financing alongside $750 million in potential warrant exercise.

Strive, ￰9￱ to build sustainable shareholder value over the long term while building positions in businesses and ecosystems that can drive growth across the digital asset ￰10￱ zero-debt status also allows the company to compete favourably against peers in the fast-growth digital asset ￰11￱ 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 ￰12￱ 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 ￰13￱ claimed the reverse merger will give it a competitive edge by allowing the company to raise capital through an unprecedented equity-for-bitcoin ￰14￱ Cole even stated that the deal would create a new way for early Bitcoin investors to put their gains to ￰15￱ of selling and paying taxes, they can swap Bitcoin for equity in a tax-free transaction after the ￰16￱ the same time, the company revealed it would be looking at claims involving distressed Bitcoin, such as 75,000 BTC linked to the collapsed ￰17￱ ￰18￱ 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 ￰19￱ to a recent filing with the SEC, Strive said this would allow it to gain BTC exposure at a ￰20￱ previously reported by Cryptopolitan , the Ohio-based firm is teaming up with 117 Castell Advisory Group LLC to identify and acquire such ￰21￱ filing highlighted the ￰22￱ bankruptcy estate, which holds around 75,000 Bitcoin, noting that these distressed and confirmed claims may come at a lower ￰23￱ 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 ￰24￱ company’s co-founder, biotech billionaire and former presidential candidate Vivek Ramaswamy, is now a leading contender for Ohio’s 2026 gubernatorial ￰25￱ your project in front of crypto’s top minds?

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