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The Defiant 2025-05-07 20:35:17

Vivek Ramaswamy’s Strive Asset Management Merges with Asset Entities, ASST Stock Up 400% on $1 Billion Bitcoin Buy Plan

Vivek Ramaswamy’s Strive Asset Management Merges with Asset Entities, ASST Stock Up 400% on $1 Billion Bitcoin Buy Plan

Vivek Ramaswamy's Strive Asset Management is set to go public through a merger with Asset Entities (NASDAQ: ASST), forming the first publicly traded asset management Bitcoin treasury company. The firm plans to raise $1 billion to purchase Bitcoin, with an initial commitment to buy $1 billion worth. This announcement has led to a dramatic increase in ASST stock price, which surged over 400% amid multiple trading halts on May 7, 2025. The stock has become increasingly difficult to short, with limited shares available for borrowing, suggesting a potential short squeeze. Strive Asset Management aims to leverage its $2 billion capital to establish a significant presence in the Bitcoin investment space. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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