Asset Entities and Strive Asset Management announced on May 27, 2025, the signing of a $750 million private investment in public equity (PIPE). This financing includes an additional $750 million in potential proceeds upon the exercise of warrants, bringing the total potential capital to $1.5 billion.
The proceeds from this PIPE are designated to support the company's initial wave of Bitcoin acquisitions, establishing Strive Asset Management as a Bitcoin treasury company focused on long-term Bitcoin outperformance. The PIPE was priced at $1.35 per share, representing a 121% premium to Asset Entities' closing price immediately before its merger announcement.
A select group of institutional investors and Strive's management team, including CEO Matt Cole, participated in the financing. This significant capital raise is expected to close concurrently with the merger transaction, providing crucial funding for the combined entity's strategic objectives.
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