TechFlow, Sept. 10 — Shareholders of Asset Entities Inc. (Nasdaq: ASST) have formally approved the merger with Strive Enterprises, Inc. Upon completion of the merger, the company will be renamed Strive, Inc. and will continue trading on Nasdaq under the ticker symbol ASST. The new company will focus on bitcoin financial management and plans to raise over $750 million through a private placement, with potential total funding reaching up to $1.5 billion.
The merged company will be led by Matt Cole as CEO and Chairman, while current Asset Entities CEO Arshia Sarkhani will transition to Chief Marketing Officer. Strive stated that it will adopt an innovative strategy aimed at achieving investment returns that outperform bitcoin itself over the long term.
