The shares of the Asset Company (ASST) increased by 52 % in the hours of trading hours on Tuesday after the shareholders agreed to merge with Vivek Ramaswamy’s Strive Enverprises to form Treasury Bitcoin.
The asset entities said on Tuesday that a “strong majority” of shareholders voted for integration with plans to raise $ 1.5 billion to buy Bitcoin (BTC). The new company will be renamed to Strive, Inc. And continue trading under TECKER AssT.
The shares of asset assets trading on Tuesday closed by 17.8 % at $ 6.28, and more than 52 % gathered after an hour to 9.55 dollars on the company’s integration announcement.
Matt Cole, CEO of Strive Enterprise, will lead the Strive Asset Management, the joint company, while the CEO of Assets and President Arshia Sarkhani will work as a chief marketing employee and a member of the Board of Directors.
It is not clear what role Ramaswamy, co -founder of Strive, will be in the newly integrated company.
The new company is the latest addition to 186 public companies reported on the bitcoin purchases on a large scale, which grew from less than 100 at the beginning of the year and raised concerns about a saturated market.
He tries to seek attempts to reflect the merger for $ 1.5 billion to buy bitcoin
The trend of public encryption companies increased the rise in bitcoin to $ 124,450, as companies press property, transferred debts, permanent shares, and recently, the integration of special purposes to finance their plans.
Selecting the pursuit of the intention of reversing the integration, which is safer than the fastest Spacs that depends on increasing speculative capital, mitigation, and temporal streams of the uninterrupted deal.
Strive plans to finance Bitcoin purchases of $ 1.5 billion with $ 750 million in public stocks (PIPE), in addition to another $ 750 million that can come from the exercise of orders issued in the tube.
The planned increase of $ 1.5 billion will allow the company to buy 13,450 Bitcoin at the current market prices, which puts it in the 10 largest Holding companies for Bitcoin.
The closure of the integration depends on certain conditions, including clearing the Strive application in the Strive menu by the stock market on the Nasdak Stock Exchange.
The pursuit was his eyes on the Gox Bitcoin Mountain
When the merger was announced in May, Straiv said he is looking forward to obtaining 75,000 Bitcoins of claims associated with the Crypto Exchange MT. Gox collapsed to buy the original with a discount.
Straiv said that the strategy can help boost the bitcoin percentage per share, a measure that is increasingly used in the area of bitcoin treasury.
However, a successful shareholder vote is needed to follow the claims of Jooks.
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Straiv has accumulated two billion dollars of assets since it was launched in 2022 by Anason Ferriks and Ramsuami, a biotechnology businessman who was nominated for the presidency last year and nominated Olyhio’s ruler next year.
Asset Entities is a social media marketing company that had no active participation in Bitcoin or the encryption industry before integrating stated with Strive.
Bitcoin Corporate Mint
Public companies now have a million Bitcoin currencies combined, representing 5.1 % of Bitcoin supplies currently.
Michael Celor’s strategy continues to control the Bitcoin accumulation race with 638,460 BTC at a value of $ 71.2 billion, while Mara Holdings and XXi wandering in the first three places with 52,477 BTC and 43,514 BTC.
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