Strive Asset Management to Acquire Semler Scientific in All-Stock Merger

Strive Asset Management will acquire Semler Scientific in an all-stock merger, marking the first consolidation among public companies with large bitcoin treasuries.
The deal values Semler at $90.52 per share, a 210% premium over its last market close. Each Semler share will be exchanged for 21.05 shares of Strive (ASST).
Semler’s executive chairman, Eric Semler, will join the board of the combined company.
Strive has purchased 5,816 bitcoin for $675 million, averaging $116,047 per BTC. Combined with Semler's approximately 5,000 bitcoin, the new entity will control over 10,900 BTC.
Semler’s stock faced pressure recently, trading below the value of its bitcoin reserves due to a market downturn affecting listed bitcoin treasury firms.
This merger positions Strive as a leading bitcoin treasury company, aiming for long-term returns above bitcoin benchmarks.