Strive To Buy Semler Scientific In First Bitcoin Treasury Merger

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Former presidential candidate Vivek Ramaswamy’s asset management company Strive Inc. will acquire Semler Scientific in an all-stock transaction that will create the 11th largest Bitcoin financing company.

The agreement will allow the total company to offer over 10,900 Bitcoin, with 12th place Hut 8 Mining Corp. and Behind Tesla, Inc. Ranked ahead of the ranking of BTC’s largest corporate owners.

The transaction was unanimously approved by the board of directors of Strive and Semler Scientific, according to a joint statement.

Survival of the fittest

The merger could indicate the onset of more integrations between Bitcoin finance companies. The Bitcoin Treasury is under pressure from stock prices falling and Bitcoin in Tamburi.

“Only those with long-term plans survive,” Hashkey Capital CEO Den Chao recently told Cointelegraph, emphasizing that the sustainability of Bitcoin’s Treasury businesses depends on management discipline.

Semler Scientific is a health technology company that decided in 2024 to use Bitcoin as the leading Treasury Department. Semler’s revenue fell 43% last year, but net profit was close to $67 million. Semler shareholders will receive shares in Strive Stock, not cash under this agreement.

Each Semler shares will be exchanged for 21.05 shares of Strive’s Class A shares. This is a 210% premium over Semler’s stock price before the merger was announced.

Mergers come when more companies are becoming “Bitcoin financial surgeons.” Public companies investing in Bitcoin typically use capital markets to raise funds.

Michael Saylor’s strategy is Bitcoin’s top corporate holder, and Tomley’s Bitmine Immersion Technologies is the top corporate holder for Ethereum, the largest altcoin.

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