Tian Ruixiang shares surge 90.68% after-hours as advanced InsurTech merger talks and Bitcoin strategy drive optimism.

Tian Ruixiang Holdings Ltd. (NASDAQ: TIRX) surged 90.68% in after-hours trading following announcements of advanced, final-stage discussions for a strategic business combination with a leading Asia-Pacific InsurTech firm and progress on its 15,000 Bitcoin acquisition strategy. The press release highlighted the InsurTech partner’s AI-driven underwriting and digital operations, positioning TIRX as the exclusive U.S. public platform for the merger, which aims to enhance shareholder value through institutional interest and global expansion. While no definitive agreement has been reached, the dual initiatives—transformative business combination and Bitcoin strategy—were cited as key catalysts for the dramatic after-hours rally. Institutional buying activity, including additions by SABBY MANAGEMENT and CITADEL ADVISORS, further underscored market optimism.