TechFlow news, September 22 — According to GLOBE NEWSWIRE, Strive, Inc. (Nasdaq: ASST) and Semler Scientific, Inc. (Nasdaq: SMLR) announced they have entered into a definitive agreement for an all-stock merger.
In addition, Strive announced the purchase of 5,816 bitcoins at an average price of $116,047 per bitcoin for its corporate treasury, with a total purchase price of $675 million, bringing its total bitcoin holdings to 5,886 bitcoins.
The combined company will hold over 10,900 bitcoins and plans to adopt an "equity-only preferred" leverage model, avoiding the debt maturity risks associated with traditional leveraged bitcoin strategies. The merged company also intends to explore monetizing or spinning off Semler Scientific’s historically profitable diagnostic business in the future.
