Strive to Acquire Semler Scientific in $90/Share All-Stock Deal, Creating 11,000-Bitcoin Treasury
Strive Asset Management (ASST) will acquire Semler Scientific (SMLR) in an all-stock deal valuing SMLR at $90.52 per share, a 210% premium to Friday’s close. Each SMLR share will convert into 21.05 ASST shares, the companies said Monday.
The combined entity will hold more than 10,900 BTC after Strive disclosed the purchase of 5,816 bitcoin for $675 million at an average price of $116,047. Semler currently holds about 5,000 BTC.
Semler Executive Chairman Eric Semler will join the board of the merged company. “This merger cements Strive’s position as a top Bitcoin treasury company,” said Strive CEO Matt Cole.
ASST rose 9.3% in premarket trading to $4.71. SMLR last closed at $29.18 and has yet to trade post-announcement.
