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Asset Entities to merge with Ramaswamy’s Strive and launch bitcoin treasury
Asset Entities’ shareholders have approved a merger with Strive, founded by Vivek Ramaswamy, to launch a bitcoin treasury. Shares of Asset Entities jumped 145% in premarket trading on Wednesday and were up 50% as of 12:00 p.m. ET. The company expects to raise up to $1.5 billion from its PIPE deal if the warrants are exercised. Meanwhile, bitcoin-native venture Nakamoto has invested $30 million in Metaplanet. This is Nakamoto’s “largest single investment to date and its first in an Asian public company with a bitcoin treasury strategy,” the company said in a press release. The investment is part of ... (full story)