Strive to Acquire Semler Scientific in All-Stock Deal
Strive Inc. (ASST) has agreed to buy Semler Scientific (SMLR) in an all-stock transaction. The deal was approved by both companies’ boards but still needs to meet usual closing conditions. Semler shareholders will receive 21.05 shares of Strive Class A stock for each Semler share. This values the offer at a 210% premium over Semler’s share price before the announcement.
Matt Cole, Strive’s Chairman and CEO, said the merger will create a larger and more innovative Bitcoin acquisition platform. After the deal closes, Semler Scientific’s Executive Chairman Eric Semler will join Strive’s Board of Directors. Strive’s current management and board will stay in place.
Strive Buys 5,816 Bitcoin for $675 Million
Alongside the merger news, Strive announced it bought 5,816 Bitcoin (BTC) for about $675 million. The average price was $116,047 per Bitcoin. This purchase raised Strive’s total Bitcoin holdings to 5,886 BTC.
With Semler’s Bitcoin added, the combined company will hold over 10,900 BTC. This makes it the 12th-largest public Bitcoin holder. It will surpass companies like Hut 8 Mining and Galaxy Digital, according to BitcoinTreasuries data.
Industry Moves: Other Firms Increase Bitcoin Holdings
- Strategy, a business intelligence firm, bought 850 BTC for $99.7 million. This raised its total to 639,835 BTC.
- Japan-based Metaplanet acquired 5,419 BTC for about $632.53 million. It now holds 25,555 BTC, making it the fifth-largest public Bitcoin treasury.
