Strive shares surge 10.8% intraday after shareholders approve merger with Asset Entities.

Strive (NASDAQ:ASST) surged 10.8% during intraday trading, driven by shareholder approval of its merger with Asset Entities and the announcement of an initial public offering (IPO). The merger, finalized on September 9, 2025, creates the first publicly traded asset management Bitcoin treasury company, signaling strategic progress and regulatory clarity. Concurrently, Strive’s planned IPO, disclosed on November 4, 2025, further reinforced investor confidence by positioning the firm to expand its Bitcoin acquisition capabilities. These developments align with institutional demand for Bitcoin exposure, as highlighted by recent $750M in private investment to fund Bitcoin acquisitions. The positive momentum contrasts with earlier downgrades and short-interest fluctuations but reflects market validation of Strive’s growth strategy.