Bitcoin Treasury Consolidation Begins with Strive-Semler Merger

Strive Asset Management has agreed to purchase Semler Scientific in an all-stock ￰0￱ marks the first consolidation among public companies holding large bitcoin ￰1￱ agreement values Semler at $90.52 per share , representing a 210% premium over its last market ￰2￱ share of Semler will be exchanged for 21.05 shares of Strive (ASST) . Following the transaction, Semler’s executive chairman Eric Semler will join the combined company’s ￰3￱ the merger, Strive disclosed the purchase of 5,816 bitcoin for $675 million , at an average price of $116,047 per ￰4￱ added to Semler’s holdings of about 5,000 bitcoin , the combined company will control more than 10,900 ￰5￱ deal follows heavy pressure on Semler’s stock ￰6￱ recent weeks, the company traded at levels below the value of its bitcoin reserves, effectively discounting its medical equipment ￰7￱ reflects a broader downturn across listed bitcoin treasury firms, many of which have seen valuations collapse after the summer’s market correction.

“This merger cements Strive’s position as a top Bitcoin treasury company,” said Strive chairman and CEO Matt ￰8￱ added that the firm’s strategy and capital structure aim to deliver returns above bitcoin over the long ￰9￱ transaction signals the beginning of consolidation among publicly traded bitcoin treasury companies, with Strive positioning itself as a leading player in the sector.