Vivek Ramaswamy-Backed Strive, Asset Entities Get Shareholder Approval To Merge, Launch $1.5 Billion Public Bitcoin Treasury Company

Transaction Overview - Asset Entities Inc. shareholders approved a reverse merger with Strive Enterprises, creating a public Bitcoin treasury company with potential funding of $1.5 billion [1][2] - The merger received strong support from Asset Entities shareholders, with Strive shareholders approving the deal on September 4 [2] - The combined entity will retain the ASST ticker on Nasdaq under the Strive name, with Matt Cole as CEO and chairman [2] Financing Details - The company expects to complete a private placement (PIPE) generating over $750 million in gross proceeds, with additional warrants potentially unlocking another $750 million [4] - This financing structure positions the company uniquely in the market with a zero debt profile [4] Strategic Focus - The merger aims to create a Bitcoin treasury company that seeks to outperform Bitcoin through leveraged beta strategies and innovative alpha-generating approaches [5] - Strive was co-founded by Vivek Ramaswamy in 2022, and he is expected to run for Ohio governor in 2026 [5] Market Context - Bitcoin treasury companies are gaining traction as corporate adoption of cryptocurrency increases, positioning Strive to compete with established players in this space [6] - Asset Entities operates social media marketing services across various platforms, while Strive Asset Management has managed over $2 billion in assets since launching its first ETF in August 2022 [6]