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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