Overview
- Semler shareholders are set to receive 21.05 Strive Class A shares per Semler share, an implied value of about $90.52 and roughly a 210% premium, valuing the deal near $1.34 billion.
- Strive disclosed a purchase of 5,816 BTC for $675 million at an average price of about $116,047, lifting its treasury to approximately 5,886 BTC.
- Upon closing, the combined company would hold more than 10,900 BTC, ranking it among the largest corporate Bitcoin holders.
- Boards of both companies have approved the merger, which remains subject to customary closing conditions including registration filings and shareholder votes; the fixed exchange ratio ties Semler’s implied value to Strive’s share price.
- Strive plans to fund future Bitcoin accumulation with a preferred‑equity‑only model, and the combined company may monetize or distribute Semler’s diagnostics business, with Eric Semler slated to join the board.