Asian financial firm Metaplanet has secured $130 million in loans to acquire more Bitcoin . This move reflects its commitment to boosting its BTC holdings and establishing the company’s position in the broader crypto industry. The secured credit facility has a total limit of $500 million, and $230 million have already been drawn. Metaplanet Reaffirms Strong Bitcoin Position On November 21, Metaplanet executed a new loan, worth $130 million, under its credit facility. This facility has a total limit of ...

Core Insights - Strive, Inc. is acquiring Semler Scientific in an all-stock transaction, co-founded by Vivek Ramaswamy [1][3] - The merger represents a significant premium of approximately 210% over Semler's closing price prior to the announcement [3] - The combined entity will focus on a "preferred equity only" leverage model to mitigate debt maturity risks [4][6] Acquisition Details - Strive will purchase Semler shares at about $90.52 each, exchanging each SMLR share for 21.05 ASST shares [3] - The post-merger company will hold over 10,900 BTC and maintain sufficient cash reserves for future offerings [3][4] Market Reaction - Following the announcement, Semler Scientific's shares increased by 7.64% to $31.41, while Strive's shares fell by 8.13% to $3.95 [7] - Strive has also acquired an additional 5,816 BTC for $675 million, bringing its total holdings to 5,886 BTC [7] Strategic Vision - The merger aims to create a scaled and innovative Bitcoin acquisition platform, enhancing value for shareholders [6] - Future plans include exploring monetization or distribution of Semler Scientific's profitable diagnostics business [4]