Asset Entities approves merger with Strive to establish a $1.5 billion BTC financial company

Foresight News reported, according to CoinDesk, that following shareholder approval from Strive on September 4, Asset Entities Inc (ASST) announced that its shareholders have approved a merger with Strive Enterprises. The merged company will be renamed Strive Inc. and will implement a bitcoin fund management strategy. Matt Cole, the current head of Strive Asset Management, will serve as chairman and CEO of the merged company, while Asset Entities President and CEO Arshia Sarkhani will transition to Chief Marketing Officer and board member. Strive expects to complete a $750 million private investment in public equity (PIPE) financing after the transaction, and if warrants are exercised, the potential total proceeds could exceed $1.5 billion.