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Strive Asset Management Breaks Into Top 10 Bitcoin Holders Following Semler Acquisition
['Julie Binoche']
The Currency analytics
The financial services firm grabbed a spot among the top 10 publicly traded Bitcoin holders after closing its deal with Semler Holdings last week.
The acquisition gives Strive a massive boost in digital assets.
Semler came with serious Bitcoin reserves that pretty much catapulted Strive into the crypto big leagues.
Sources close to the transaction hint the total value hit somewhere around $200 million, though Strive won’t confirm that figure.
Goldman Sachs analysts called Strive’s strategy “bold but promising” after the stock jumped 8% following the acquisition announcement.