Asset Entities jumps after stockholders approve Strive merger

Strive

10/09/2025 13:57

** Shares of social media marketing company Asset Entities ASST.O jump 81% to $11.37 premarket

** ASST's stockholders approve merger with Strive Enterprises - a financial services firm co-founded by former Republican presidential candidate Vivek Ramaswamy

** Upon completion of merger, co will be renamed Strive and continue trading on Nasdaq with ASST ticker

** The deal, originally announced in May, will see ASST become a bitcoin holding company

** Company is one of several that have attempted to replicate the approach of Michael Saylor's Strategy MSTR.O

** After the merger closes, co looks to consummate $750 mln private placement announced on May 27 to support bitcoin acquisitions

** As of last close, ASST shares have surged more than 1000% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))