Ramaswamy-backed Strive to buy Semler in $1.3 billion deal all stock deal, boosting Bitcoin holdings

Group 1 - Strive will acquire Semler Scientific in an all-stock deal valued at approximately $1.34 billion, expanding its cryptocurrency holdings [1] - Semler shareholders will receive 21.04 Class A common shares of Strive for each Semler share, valuing Semler at $90.52 per share, representing a premium of over 210% compared to its previous closing price [1] - The acquisition follows Strive's recent merger with Asset Entities as part of its strategy to list on Nasdaq and focus on buying and holding bitcoin [2] Group 2 - Strive plans to purchase 5,816 bitcoin for a total of $675 million, resulting in the combined company owning more than 10,900 bitcoin [2] - The deal indicates a growing trend of corporate adoption of bitcoin treasury strategies, similar to the approach initiated by Michael Saylor in 2020 [4] - Bitcoin has increased by 20.5% this year, outperforming the S&P 500's 13.3% rise, aided by regulatory developments that have improved the relationship between cryptocurrency and traditional finance [4]