Strive shares fall 12% after Semler deal to expand Bitcoin treasury
The all-stock deal adds Semler’s 5,048 BTC to Strive’s treasury, lifting total holdings to 12,797.9 BTC and ranking it 11th among public companies.
Strive’s stock fell about 12% on Tuesday after the asset manager announced an all-stock deal to acquire Semler Scientific, a transaction that will significantly expand its Bitcoin holdings.
The company, co-founded by Vivek Ramaswamy, said on Tuesday that it has secured shareholder approval for the acquisition, which would add Semler Scientific’s 5,048.1 Bitcoin to Strive’s existing treasury. Following the transaction, Strive’s total Bitcoin holdings would rise to 12,797.9 BTC.
Strive is already the 11th largest publicly traded Bitcoin holding company, according to BitcoinTreasuries.NET data. The company also disclosed the purchase of an additional 123 Bitcoin for its corporate treasury, lifting its standalone holdings to 7,749.8 BTC.
