Asset Entities Inc., known by ticker Asst on Nasdaq, has surged over 1,336.67% in the last five days.
As of May 9th, the stock price had gone from under $0.53 to $8.62. Asset Entity’s stock price also rose 12.09% in just 24 hours, reflecting the trust of renewed investors.
Since the beginning of the year, the stock has been trading at around $0.53, then reached $8.6, reaching an increase of more than $8 per share in just a few days.
A sudden vertical spike (YTD) chart from the beginning of the year shows that this is almost entirely related to the company’s changes to the first published Bitcoin financial vehicle after the merger with the effort.
With this in mind, if you invest $1,000 in ASS at the beginning of 2025, that investment is worth more than $16,000. Investors who purchased before the merger announcement saw more than 1,000% returns in five trading sessions.
The massive rise came after it merged with asset management, which asset entities strive for. The merger will become the world’s first Bitcoin finance company.
The merger announced earlier this week creates a new company called Strive. It oversees more than $2 billion in assets and creates an aggressive plan to acquire Bitcoin.
The resulting company will then be led by Matt Cole as CEO, former fixed income fund manager who traded NASDAQ and managed a $70 billion portfolio.
Strive aims to take a bold approach under Cole’s leadership and plans to create a Bitcoin Forequity tax-free exchange for investors to use the IRS’ tax law section 351 to defer capital gains tax.