Strive to merge with Semler Scientific to form “the fastest growing corporate Bitcoin holder”

Vivek Ramaswamy’s Strive, which merged with Asset Entities earlier this month to launch a bitcoin treasury, announced it acquired Semler Scientific in an all-stock deal. Shares of Semler jumped on the announcement.

Tim Kotzman, founder of Bitcoin Treasuries Media, told Sherwood News that the merger ushers in the M&A era of bitcoin treasuries. 

“You can mine bitcoin, buy it, or acquire it. I believe M&A will become the primary theme in the DAT [digital asset treasury] space and may become the prevailing activity, with bankruptcies taking a back seat due to the pristine nature of bitcoin as collateral,” he said. 

Maja Vujinovic, CEO of FG Nexus, echoed the sentiment, saying that she expects to see more of these mergers as public companies seek both liquidity and legitimacy in the digital asset space.

In the announcement, Strive said it acquired 5,816 bitcoin and noted that the combined company will own over 10,900 bitcoin, which is still not enough to rank in the top 10 of corporate bitcoin treasuries, so it has a lot of room to “become the fastest growing corporate Bitcoin holder.”

Speaking of, bitcoin treasury company Metaplanet has shot up to fifth place on the corporate bitcoin treasury leaderboard with its latest purchase. The Japanese company announced this morning that it acquired 5,419 bitcoin for $632.53 million, its largest acquisition to date.

And not to be forgotten, the largest corporate bitcoin holder, Strategy, announced it acquired 850 bitcoin for $99.7 million.

In other bitcoin treasury news:

• Newly launched UK company B HODL started trading on the Aquis Stock Exchange on Monday after raising $20 million for its bitcoin treasury via the issuance of new shares. Major shareholders include Adam Back, inventor of Hashcash and cofounder of Blockstream, with a 25.3% share, according to the announcement.

• French company Capital B acquired 551 bitcoin, bringing its total holdings to 2,800 bitcoin.