"The deal represents one of the first major consolidations between publicly traded Bitcoin treasury companies, signaling a new phase of maturity in this emerging asset class. For corporations, capital allocators, and market observers, this merger underscores how Bitcoin is no longer a peripheral balance sheet entry - it is becoming the foundation for strategic growth, capital structure innovation, and shareholder value creation."
"The transaction delivers a 210% premium to Semler Scientific shareholders, with each Semler share exchanged for 21.05 Strive Class A shares. Alongside the merger announcement, Strive revealed the purchase of 5,816 Bitcoin for $675 million, at an average price of $116,047 per Bitcoin, bringing its treasury to 5,886 Bitcoin. Upon closing, the combined company will control more than 10,900 Bitcoin, placing it firmly among the largest corporate holders globally."
"One of the most compelling aspects of this deal lies in Strive's declared capital strategy. Unlike debt-driven accumulation models pioneered by Strategy (formerly MicroStrategy), Strive intends to rely exclusively on perpetual preferred equity to finance Bitcoin purchases. This "preferred equity only" model is designed to eliminate the refinancing risks that accompany traditional debt maturities. By sidestepping the need to roll over debt in volatile markets, Strive is positioning itself as a more stable, long-term accumulator of"
Strive, Inc. entered a definitive all-stock agreement to acquire Semler Scientific, delivering a 210% premium to Semler shareholders with each Semler share exchanged for 21.05 Strive Class A shares. Strive concurrently purchased 5,816 Bitcoin for $675 million at an average price of $116,047, bringing its treasury to 5,886 Bitcoin. Upon closing, the combined company will hold more than 10,900 Bitcoin and retain Strive's existing management and board, with Semler's Executive Chairman joining the board. Strive plans to fund Bitcoin accumulation exclusively with perpetual preferred equity to avoid refinancing risk associated with debt maturities.
Read at Bitcoin Magazine
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