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Strive Buys Bitcoin Hoarder Semler as Treasury Wave Shows Cracks
['Mon', 'Sep', 'Min Read']
Yahoo Finance
Strive Inc., co-founded by former US presidential candidate Vivek Ramaswamy, agreed to acquire Semler Scientific Inc. in an all-stock deal, marking a new stage of consolidation among Bitcoin accumulators.
The transaction values Semler at $90.52 a share, a 210% premium to its Friday closing price of $29.18.
“Strive’s merger agreement to acquire Semler Scientific just one week after becoming a public company shows a level of speed and execution not seen before in the Bitcoin treasury space,” said Matt Cole, Strive’s chairman and chief executive officer.
Strive shares dropped as much as 8.1% in early trading in New York on Monday, while Semler stock jumped as much as 24% before giving up most gains.
Semler, a medical-device maker, last year became one of the first to adopt Bitcoin as its primary treasury reserve asset.
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'strategy'
'treasury'
'bitcoin'
'cracks'
'week'
'buys'
'semler'
'company'
'strives'
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