Strive, Inc. ("Strive") announces Semler Scientific, Inc. ("Semler Scientific") stockholders voted to approve being acquired by Strive. As part of the all-stock transaction, Strive will acquire Semler Scientific's 5,048.1 Bitcoin.
Strive also announces the purchase of 123 additional Bitcoin for its corporate treasury at an average price of $91,561 per Bitcoin, for a total purchase price of $11,264,000, inclusive of fees and expenses, bringing Strive's total Bitcoin holdings to 7,749.8. Upon completion of the Semler Scientific acquisition, the combined company will hold 12,797.9 Bitcoin, surpassing both Tesla and Trump Media & Technology Group, becoming the 11th largest corporate holder of Bitcoin.
Strive also announced intentions within 12 months of the transaction close to monetize Semler Scientific's operating business and pursue potential opportunities to retire the legacy Semler Scientific $100 million convertible note and $20 million Coinbase loan, subject to market conditions. This strategic direction maintains Strive's focus on Bitcoin operations with a simple preferred equity only amplification corporate structure.
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