LATEST: Vivek Ramaswamy’s Strive Makes First Purchases 5,816 Bitcoin Worth $675M

Strive, Inc. has announced a landmark all-stock deal to acquire Semler Scientific, Inc., while also making a bold move in the crypto space. The company revealed the purchase of 5,816 Bitcoin at an average price of $116,047 each, totaling $675 million. With this acquisition, Strive’s treasury now holds 5,886 Bitcoin, positioning the company as one of the fastest-growing corporate Bitcoin holders.

The merger values Semler Scientific at a 210% premium, with each of its common shares exchanged for 21.05 Strive Class A shares. Post-merger, the combined company expects to control more than 10,900 Bitcoin and has plans to expand its medical diagnostics business into preventative care while maintaining a Bitcoin-focused financial strategy.

Strive Chairman & CEO Matt Cole emphasized the company’s goal to build an unmatched Bitcoin acquisition platform, while Semler’s Executive Chairman Eric Semler highlighted shareholder value creation through both premium equity participation and expanded healthcare growth. The transaction has unanimous board approval and awaits customary closing conditions.

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