Asset Entities & Strive Merge for $1.5B Bitcoin Treasury
Asset Entities Inc. completed a reverse merger with Strive Enterprises to form Strive, Inc., implementing a $1.5B Bitcoin treasury strategy. The deal features a $750M PIPE and up to $750M in warrant financing, targeting roughly 13,150 BTC at launch. Strive plans to acquire discounted claims, including up to 75,000 Mt. Gox coins, while remaining debt-free. Pending Nasdaq listing under ticker ASST, the stock jumped 102% on merger news, reflecting strong institutional demand for corporate Bitcoin treasuries. With regulatory approvals underway, Strive aims to rank among the top 10 corporate Bitcoin holders, offering traders leveraged exposure to Bitcoin price movements via ASST.
Bullish
This news signals significant corporate demand for Bitcoin through a large-scale, debt-free treasury strategy. In the short term, ASST’s 102% stock surge indicates strong institutional appetite, likely boosting market sentiment and trading volume around Bitcoin. Over the long term, Strive’s planned acquisition of discounted BTC claims and a top-10 corporate treasury position will add sustained buying pressure on Bitcoin’s spot price. PIPE financing and Nasdaq listing further validate Bitcoin’s role as a corporate asset, reinforcing bullish fundamentals for the cryptocurrency.