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Benzinga
Benzinga
Business
Henry Khederian

Asset Entities (ASST) Stock Soars After Shareholders Approve Strive Merger

Binary,Options,Chart

Shares of Asset Entities Inc (NASDAQ:ASST) are trading sharply higher Wednesday morning after the company announced that its stockholders have approved a previously announced merger with Strive Enterprises, Inc. The approval marks a key step toward creating a public Bitcoin (CRYPTO: BTC) treasury company.

What To Know: Following the merger’s completion, the combined entity will be renamed Strive, Inc., and will continue to trade on Nasdaq under the ticker symbol ASST. Matt Cole will lead the new company as CEO and Chairman, while Asset Entities President Arshia Sarkhani will serve as Chief Marketing Officer and a member of the Board.

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