Asset Entities Merges with Strive to Create $1.5B Bitcoin Treasury
Asset Entities shareholders approved a merger with Strive Enterprises to form Strive, Inc., the first publicly traded Bitcoin treasury company. The new entity will be listed on Nasdaq under the ticker ASST.
- The merger aims to create a $1.5 billion Bitcoin treasury for long-term investment.
- This development led to a 52% increase in Asset Entities’ stock price, indicating strong investor confidence.
- Strive Inc. plans to accumulate Bitcoin, which may reduce circulating supply and potentially raise prices.
- Over 180 companies currently hold Bitcoin reserves, accounting for approximately 5.1% of the circulating supply.
- Increased corporate adoption is reshaping the institutional perception of Bitcoin as a mainstream asset.
Strive Inc.'s plan enhances market sentiment towards Bitcoin, indirectly benefiting retail investors through shares of the new entity.
Mergers like this may improve liquidity and risk profiles for investors by increasing Bitcoin scarcity.
Bitcoin Hyper ($HYPER) is emerging as a Layer-2 solution addressing Bitcoin's transaction speed and cost issues while integrating DeFi capabilities.
$HYPER presale has raised over $14.8 million, with significant whale purchases noted recently.
The merger reinforces Bitcoin's status as a trusted treasury asset, amplifying confidence in the broader crypto ecosystem.