Crypto Gloom

Efforts to buy Semler Scientific in the merger of the first Bitcoin Treasury.

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STRIVE Inc., an asset management company of former presidential candidate Vivek Ramaswey, will acquire Semler Scientific in the all -stock trading that will create the 11th largest Bitcoin financial company.

The contract provides more than 10,900 bitcoins to the combined company, and the 12th place HUT 8 Mining Corp., Tesla, Inc. Ranked behind.

According to the joint statement, this transaction was unanimously approved by the board of directors of Strive and Semler Scientific.

Suitable survival

The merger can represent more integration among Bitcoin financial firms, and the company is under pressure from the stock price drop and tumbling bitcoin.

Deng Chao, CEO of HashKey Capital, emphasized that the sustainability of Bitcoin Financial Company depends on the management discipline, saying, “Only those with long -term plans will survive.

Semler Scientific is a health technology company that decided to use Bitcoin as a major financial protection area in 2024. Last year, Semler’s sales fell 43%, but still showed a $ 67 million net profit. Semler shareholders will receive STRIVE stocks instead of cash in this transaction.

Each SEMLER stock is exchanged for 21.05 shares of STRIVE ‘S Class A, and is 210% premium than Semler’s stock price before the merger is announced.

This merger occurs when more companies become “Bitcoin Treasury Bureau”, when public trading companies that invest in Bitcoin, generally financing using the capital market.

Michael Saylor’s strategy is Bitcoin’s top corporate holder and Tom Lee’s Bitmine Immersion Technologies is the top company holder of Ethereum, the largest Altcoin.

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