Publicly listed company Strive has reached an all-stock merger agreement with Semler Scientific; after the merger, the combined company will hold over 10,900 bitcoin.
ChainCatcher news, according to GlobeNewswire, Strive, Inc. (NASDAQ: ASST) and Semler Scientific, Inc. (NASDAQ: SMLR) have announced the signing of a definitive agreement for an all-stock merger transaction.
In addition, Strive announced the purchase of 5,816 bitcoins at an average price of $116,047 per bitcoin, with a total purchase price of $675 million, bringing its total bitcoin holdings to 5,886.
The merged company will hold more than 10,900 bitcoins and plans to adopt a "preferred stock only" leverage model to avoid the debt maturity risks of traditional leveraged bitcoin strategies. The merged company also plans to explore monetizing or spinning off Semler Scientific's historically profitable diagnostics business in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 527.22 BTC transferred out from a certain exchange, routed through intermediaries, and flowed into BlackRock.
Bit Digital: Held over 150,000 Ethereum as of the end of November, valued at approximately $460 million
Trending news
MoreCrypto prices
More
