Asset Entities approved the merger with Strive, establishing a $1.5 billion BTC financial company.

[Asset Entities approved the merger with Strive, establishing a $1.5 billion BTC financial company] On September 10, news reported that Asset Entities Inc (ASST) announced that its shareholders have approved the merger plan with Strive Enterprises. Previously, the shareholders of Strive Enterprises approved the merger on September 4, paving the way for the new company (which will be renamed Strive Inc.) to implement a Bitcoin reserve strategy. Former presidential candidate Vivek Ramaswamy co-founded Strive Enterprises in 2022. According to the announcement, the completion of the merger transaction still requires Nasdaq listing approval and the fulfillment of other customary conditions. Matt Cole, currently in charge of Strive Asset Management, will serve as the Chairman and CEO of the merged company. Strive expects to secure $750 million in private equity financing (PIPE) upon the completion of the merger, with the potential total financing exceeding $1.5 billion if the warrants are exercised. Cole emphasized the company's debt-free structure and stated that it aims to maximize the number of Bitcoin per share through a rigorous, long-term approach, designed to outperform Bitcoin itself.