We advised Strive on its Nasdaq listing and offering

Davis Polk advised Strive, Inc. (f/k/a Asset Entities Inc.) in connection with its listing on the Nasdaq Global Market and SEC-registered at-the-market offering of its shares of Class A common stock, $0.001 par value per share, for up to an aggregate offering price of $450 million. The common stock is listed on the Nasdaq Global Market under the symbol “ASST,” following completion of the business combination between Strive Enterprises Inc. and Asset Entities Inc. on September 12, 2025.

Strive is the first publicly traded asset management bitcoin treasury company. The company is focused on increasing bitcoin per share to outperform bitcoin over the long run. Since launching its first ETF in August 2022, Strive Asset Management, LLC, a direct, wholly owned subsidiary of Strive and an SEC-registered investment adviser, has grown to manage over $2 billion in assets. Strive started its life as a public company with 69 bitcoin acquired via a section 351 exchange as part of the merger with Asset Entities Inc.

The Davis Polk capital markets team included partner Derek Dostal, counsel Michael Stromquist and associates Lik Hang (Lincoln) Jim and Rebecca Lei. Partner Kara L. Mungovan and associates Ted Lee and Carter Ballentine Allison provided tax advice. Counsel Sarah E. Kim and associate Nausherwan Ahmed Aamir provided investment management advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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