06:01 PM EDT, 09/09/2025 (MT Newswires) -- Asset Entities ( ASST ) said Tuesday its shareholders have approved the $1.5 billion merger of the technology company with Strive Enterprises, sending the shares up nearly 57% in after-market hours.

Following the completion of merger, the integrated company will be renamed as Strive, Inc. and will continue to trade on Nasdaq under the symbol ASST.

The combined company will be led by Matt Cole as the Chief Executive Officer and Chairman of the Board, it added.

"Through our reverse-merger structure, zero debt profile, and $750 million PIPE, we are uniquely positioned relative to peers to execute our strategy and maximize Bitcoin per share for investors," said Cole in a statement.