Stock price for ASST on Nasdaq skyrockets after merging with Bitcoin treasury, up 1336.67%

From Yahoo Finance: 2025-05-09 15:59:00

Asset Entities Inc., trading as ASST on Nasdaq, has surged over 1,336.67% in the past five days, reaching $8.62 per share on May 9. The stock price rose by 12.09% in just 24 hours, driven by renewed investor confidence. The rally is attributed to the company’s merger with Strive, becoming the first publicly traded Bitcoin treasury vehicle. Investors who bought in before the merger announcement saw returns of over 1,000% in five trading sessions. The newly formed company, Strive, will manage over $2 billion in assets and focus on acquiring Bitcoin, trading on Nasdaq and led by CEO Matt Cole. They plan to create a Bitcoin-for-equity tax-free exchange for investors.



Read more at Yahoo Finance: Stock skyrockets 1100% after Bitcoin treasury merger