Wu said that Strive, Inc. (Nasdaq: ASST) announced that it has received shareholder approval from Semler Scientific (Nasdaq: SMLR) to acquire the latter entirely with stock; upon completion of the transaction, Strive will acquire 5,048.1 BTC held by Semler, bringing the total combined holdings to 12,797.9 BTC, and stated that it will become the 11th largest corporate Bitcoin holder globally. Strive also plans to monetize Semler's medical device business within 12 months after the transaction and to repay its $100 million convertible bonds and $20 million Coinbase loan.
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Wu said that Strive, Inc. (Nasdaq: ASST) announced that it has received shareholder approval from Semler Scientific (Nasdaq: SMLR) to acquire the latter entirely with stock; upon completion of the transaction, Strive will acquire 5,048.1 BTC held by Semler, bringing the total combined holdings to 12,797.9 BTC, and stated that it will become the 11th largest corporate Bitcoin holder globally. Strive also plans to monetize Semler's medical device business within 12 months after the transaction and to repay its $100 million convertible bonds and $20 million Coinbase loan.