A bitcoin symbol (Artur Widak/Getty Images)

Asset Entities to merge with Ramaswamy’s Strive and launch bitcoin treasury

Shares of the company skyrocketed on the announcement.

9/10/25 12:14PM

Asset Entities’ shareholders have approved a merger with Strive, founded by Vivek Ramaswamy, to launch a bitcoin treasury. Shares of Asset Entities jumped 145% in premarket trading on Wednesday and were up 50% as of 12:00 p.m. ET. The company expects to raise up to $1.5 billion from its PIPE deal if the warrants are exercised.

Meanwhile, bitcoin-native venture Nakamoto has invested $30 million in Metaplanet. This is Nakamoto’s “largest single investment to date and its first in an Asian public company with a bitcoin treasury strategy,” the company said in a press release.

The investment is part of Metaplanet’s recently announced international equity financing in its common stock. On Tuesday, the company announced it had upsized the offering to 385 million shares and raised $1.4 billion. Initially, the bitcoin treasury said it planned to raise up to $880 million by issuing up to 5 million new shares, according to a regulatory filing.

The bulk of the proceeds will be used to buy bitcoin. The company holds 20,136 bitcoin. Shares, which have been struggling — down 36.7% in the past month — jumped on the announcement.

In other bitcoin news:

UK-based The Smarter Web acquired 30 bitcoin and now holds 2,470 bitcoin, as part of its “10 Year Plan” strategy.
Bitcoin ETFs have continued to experience inflows, amassing $391.3 million, SoSoValue data shows.
Bitcoin miner Canaan announced it mined 98 bitcoin in August, a 10% month-over-month increase. The company now holds 1,547 bitcoin.

Yaël Bizouati-Kennedy

25m

Bitcoin is “caught between flow deterioration and macro relief”

Sage D. Young24h

Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring

The market capitalization of the crypto industry has jumped around $83.2 billion in the last 24 hours, with privacy-focused token Zcash and worldcoin, the native cryptocurrency of the network backed by OpenAI CEO Sam Altman, leading market gains, jumping over 22%.

But the last 24 hours have been good across the board:

Ethereum has increased more than 9% to trade above $1,800, amid BitMine Immersion Technologies acquiring $139.2 million worth of ethereum.
XRP and solana have rebounded from multiyear lows, each rising roughly 10%.
HYPE has bounced up 12%.
Dog-based memecoins dogecoin and shiba inu have chased gains of more than 4%.

“Investors have been eager to see some positive signs around the Iranian conflict ending, coupled with hopeful outlooks around the CLARITY act, both breathing some life into assets,” Kairos Research cofounder Ian Unsworth told Sherwood News.

Simon Shockey, a crypto strategist at crypto wallet infrastructure firm Privy, said the upswing stems from several things converging. He pointed to how alt markets broadly were “very oversold” following the bug found in Zcash that shook confidence.

Friday, Zcash founder Zooko Wilcox said Anthropic didn’t find any more serious bugs with the Zcash protocol after Shielded Labs requested the AI firm run a security audit of the network with Mythos.

Shockey added that the pool of willing sellers has dwindled. “Even if structurally, AI is a much more compelling and asymmetric bet in the eyes of allocators, many of these crypto assets have simply run out of marginal sellers despite some shorter-term narrative-driven pumps. The only people left to sell at this point are the teams themselves and VCs.”

“Net-net: oversold conditions plus exhausted seller bases plus a macro backdrop that’s stabilized equals a snapback, especially in names that have real usage or community conviction behind them,” Shockey told Sherwood.

Yaël Bizouati-Kennedy

6/15/26

Bitcoin hits highest level in 2 weeks following news of Iran deal

Bitcoin crossed $66,500 Monday morning as the broad crypto market welcomed the return of a risk-on mood.