"Strive, Inc. announced today that stockholders of Semler Scientific, Inc. approved its acquisition by Strive, marking a landmark deal in publicly traded Bitcoin-backed companies. The all-stock transaction includes Semler Scientific's 5,048.1 Bitcoin, significantly expanding Strive's digital asset holdings. In addition, the company said they purchased 123 more Bitcoin for its corporate treasury at an average price of $91,561 per coin, for a total cost of approximately $11.26 million, inclusive of fees and expenses, the company said."
"These purchases bring the company's total Bitcoin holdings to 7,749.8. Following the Semler Scientific acquisition, the combined entity will hold 12,797.9 Bitcoin, surpassing corporate holders such as Tesla and Trump Media & Technology Group to become the 11th largest corporate Bitcoin holder globally, according to the company. $ASST also disclosed plans to monetize Semler Scientific's operating business within 12 months of the transaction's close and explore opportunities to retire Semler's $100 million convertible note and $20 million Coinbase loan, subject to market conditions."
Stockholders approved Strive's acquisition of Semler Scientific in an all-stock transaction that transfers Semler's 5,048.1 Bitcoin to Strive. Strive purchased an additional 123 Bitcoin for its corporate treasury at an average price of $91,561 per coin, for a total cost of about $11.26 million inclusive of fees, bringing Strive's total holdings to 7,749.8 Bitcoin. After closing, the combined entity will hold 12,797.9 Bitcoin, surpassing several corporate holders to become the 11th-largest corporate Bitcoin holder globally. Plans include monetizing Semler's operating business within 12 months and exploring retiring Semler's $100 million convertible note and $20 million Coinbase loan, subject to market conditions. Shares fell over 17% on the day but are up over 15% on the month.
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