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56m ago

Strive to Acquire Semler Scientific in All-Stock Deal to Combine Bitcoin Treasuries

The transaction creates a public equity vehicle for investors seeking Bitcoin exposure through consolidated corporate holdings.

Photo: Vasilis Chatzopoulos
Strive to buy semler scientific in first merger of bitcoin treasury companies
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Overview

  • Strive agreed to buy Semler Scientific in an all-stock deal valuing Semler at a 210% premium, or $90.52 per share based on Friday’s close.
  • Semler shareholders will receive 21.05 Strive shares for each Semler share, according to the companies’ announcement.
  • Strive disclosed the purchase of 5,816 bitcoin for $675 million at an average price of $116,047, bringing the combined holdings to more than 10,900 BTC when added to Semler’s roughly 5,000 BTC.
  • Semler Executive Chairman Eric Semler is expected to join the board of the combined company once the deal closes.
  • Pre-market trading showed Strive shares up 9.3% to $4.71, while industry tallies continue to report more than 1 million BTC held by corporations globally.