Asset Entities Surges Following Strive Asset Management Deal

Dow Jones

08 May

By Josh Beckerman

Shares of Asset Entities jumped after the company said it will merge with Strive Asset Management, the investment firm co-founded by Vivek Ramaswamy.

Asset Entities stock rose nearly fourfold, to $2.24, midday Wednesday. Volume was more than 194 million shares, compared with a 65-day average of 3.6 million.

Strive Asset Management said the combined company would "build a Bitcoin war chest in a minimally dilutive manner to common shareholders and build a long-term investment approach designed to outperform Bitcoin, by using Bitcoin itself as the hurdle rate for capital deployment."

The combined company plans to offer an exchange of bitcoin for public company equity in a manner designed to be tax-free to investors under section 351 of the U.S. tax code. It will seek to acquire cash at a discount through mergers with overcapitalized companies.

Strive Enterprises will remain a privately held company and will include Strive Asset Management's wealth-management business.

Asset Entities operations include social-media marketing and content delivery across platforms such as Discord, TikTok, Instagram, X and YouTube.

Strive CEO Matt Cole will lead the combined company, which will operate under the Strive brand. Ramaswamy resigned from Strive to seek the 2024 Republican presidential nomination and is now running for governor of Ohio.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 07, 2025 13:21 ET (17:21 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Ramaswamy resigned from Strive to seek the 2024 Republican presidential nomination and is now running for governor of Ohio. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2025 13:21 ET (17:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"83042","symbol_name":"华夏比特币-R","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533549519","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533549519","pubTimestamp":1746638460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Asset Entities jumped after the company said it will merge with Strive Asset Management, the investment firm co-founded by Vivek Ramaswamy.Asset Entities stock rose nearly fourfold, to $2.24, midday Wednesday. 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It will seek to acquire cash at a discount through mergers with overcapitalized companies. \n\n\n  Strive Enterprises will remain a privately held company and will include Strive Asset Management's wealth-management business. \n\n\n  Asset Entities operations include social-media marketing and content delivery across platforms such as Discord, TikTok, Instagram, X and YouTube. \n\n\n  Strive CEO Matt Cole will lead the combined company, which will operate under the Strive brand. Ramaswamy resigned from Strive to seek the 2024 Republican presidential nomination and is now running for governor of Ohio. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 07, 2025 13:21 ET (17:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}