Soon 10,000 Bitcoin: Strive swallows BTC-Treasury Semler Scientific

  • Strive, founded by Vivek Ramaswamy in 2022, announced on Monday the acquisition of Bitcoin treasury Semler Scientific. The deal is valued at approximately $1.34 billion and will be settled entirely in equity.
  • The two Bitcoin treasury firms are joining forces to add more Bitcoin to their balance sheets even more efficiently. According to data from bitcointreasuries.net, Semler Scientific currently holds 5,021 BTC.
  • As part of the transaction, Strive announced it would acquire 5,816 Bitcoin, valued at approximately $675 million. This will give both companies access to 10,900 Bitcoin.
  • Semler Scientific is up 10.4 percent on the day, while Strive shares are down 0.25 percent.
  • Bitcoin treasury companies are withdrawing ever-increasing amounts of BTC from the market; Bitwise's CIO even expects treasuries to double in the coming year.
  • You too can invest in cryptocurrencies like Bitcoin easily, securely, and reliably. Coinbase even lets you use PayPal.

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Sources

    • Reuters
    • bitcointreasuries.net


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