Strive shareholders approve merger with Semler Scientific, total BTC holdings will increase to 12,798 coins

GateNews
BTC0,16%

BlockBeats News, January 14 — The shareholders of the Bitcoin crypto treasury (DAT) company Strive listed on the US stock market have approved the acquisition of another Bitcoin treasury company, Semler Scientific. After the merger, BTC holdings will increase to 12,798 coins, valued at approximately $1.22 billion, making it the 11th largest corporate holder.

Strive stated that its goal is to tokenize Semler’s medical diagnostics business and address $120 million in debt. After the transaction is completed, Eric Semler, Executive Chairman of Semler Scientific, will join Strive’s board of directors. Following this announcement, the stock prices of Strive and Semler Scientific each fell by about 10%.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin and the US dollar have a 'symbiotic' relationship: BPI exec

US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington DC-based digital asset advocacy organization. “Bitcoin is beneficial to the US

Cointelegraph1h ago

Ex-UK Chancellor backs bitcoin as alternative to failing systems

Kwasi Kwarteng, the UK’s former Chancellor of the Exchequer who served just weeks in September 2022, is re-emerging with a new focus on bitcoin, monetary history, and long-term economic thinking. Reflecting on the infamous mini-budget in an interview with CoinDesk, he was candid about the

CoinDesk2h ago

Solana Holds Key Support as Bitcoin Rally Lifts Crypto Market

Solana's price remained above $80 amid rising Bitcoin values, contributing to a broader crypto market recovery with a capitalization of $2.35 trillion. Institutional demand and easing geopolitical tensions supported this growth, while Solana led in decentralized finance activity, recording significant DEX and stablecoin volumes in March.

CryptoNewsLand2h ago
Comment
0/400
No comments