Strive, Inc. has entered into a definitive agreement to acquire Semler Scientific in an all-stock transaction, as reported on September 22. Concurrently, Strive has purchased 5,816 Bitcoins at an average price of $116,047 per Bitcoin, totaling $675 million, which increases its total Bitcoin holdings to 5,886. The acquisition aims to explore the monetization of Semler Scientific's diagnostics business under new management. The combined company plans to hold over 10,900 Bitcoins, with future financing potentially increasing this number. Strive's management and board will remain unchanged, with Eric Semler, Executive Chairman of Semler Scientific, joining the board. The transaction, approved by both companies' boards, awaits customary closing conditions.
Strive Acquires Semler Scientific, Expands Bitcoin Holdings to 5,886
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