Strive Buys Bitcoin Hoarder Semler as Treasury Wave Shows Cracks

Strive Inc., co-founded by former US presidential candidate Vivek Ramaswamy, agreed to acquire Semler Scientific Inc. in an all-stock deal, marking a new stage of consolidation among Bitcoin accumulators.

The transaction values Semler at $90.52 a share, a 210% premium to its Friday closing price of $29.18. The combined company will hold nearly 11,000 Bitcoin, according to a statement Monday.

Digital-asset treasury companies have sprung up around the world in recent months as cryptocurrency prices rose, adopting the balance-sheet strategy pioneered by Michael Saylor’s Strategy Inc. Strive’s deal for Semler appears to be among the first between ...