Strive, Inc. (Nasdaq: ASST) announced that it has received shareholder approval to acquire Semler Scientific (Nasdaq: SMLR) in an all-stock transaction. Upon completion of the transaction, Strive will gain ownership of 5,048.1 bitcoins held by Semler Scientific, increasing the company's total holdings to 12,797.9 bitcoins. This will surpass Tesla and the Trump Media & Technology Group, making Strive the 11th largest corporate holder of Bitcoin globally. Strive plans to liquidate Semler Scientific's medical device business within 12 months of the transaction and use the proceeds to repay its $100 million convertible debt and $20 million loan from Coinbase.
Strive Acquires Semler Scientific, Becomes 11th Largest Corporate Bitcoin Holder
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Summary
Bitcoin breaking news: Strive, Inc. (NASDAQ: ASST) announced it has received shareholder approval to acquire Semler Scientific (NASDAQ: SMLR) in a stock deal. The acquisition adds 5,048.1 BTC to Strive's holdings, bringing its total to 12,797.9 BTC and elevating it to the 11th largest corporate Bitcoin holder. Strive plans to liquidate Semler's medical device business within 12 months and repay $100 million in convertible bonds and $20 million in Coinbase loans.
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