Asset Entities Soars Over 50%! Announces Merger with Strive to Build a Bitcoin Treasury Firm
TradingKey – Asset Entities stock surges on merger news, but post-merger performance may mirror American Bitcoin’s boom-and-bust cycle.
On Tuesday, September 9, Asset Entities (ASST) shares jumped 17% during regular trading hours following the announcement of its merger. After-hours trading saw an additional 35% spike.
Asset Entities Stock Chart – Source: TradingView
Shareholders of Asset Entities have approved a merger with Strive, the investment firm founded by U.S. political rising star Vivek Ramaswamy. The goal is to create a digital asset treasury company focused exclusively on Bitcoin. Post-merger, the company will continue trading on Nasdaq under the new name “Strive, Inc.”
The Asset Entities merger closely resembles the earlier deal involving Gryphon Digital Mining and American Bitcoin, a crypto firm backed by the Trump family. That merger centered on Bitcoin (BTC) mining and treasury operations. American Bitcoin stock initially skyrocketed after the announcement, then plunged sharply before beginning a gradual recovery. Analysts expect Asset Entities may follow a similar trajectory.
American Bitcoin Stock Chart – Source: TradingView
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