Strive to Buy Semler Scientific in Merger of Bitcoin Treasuries

Strive Inc., a newly-formed company, has agreed to acquire Semler Scientific Inc. in a merger deal. Both companies are publicly-traded and hold Bitcoin as part of their treasury reserves. The acquisition will combine the resources and expertise of the two Bitcoin-focused companies. Semler Scientific is a medical device company that develops and markets products for the assessment and treatment of peripheral arterial disease. Strive Inc. is a financial technology company that specializes in Bitcoin investment and custody services. The merger is expected to create a larger, more diversified entity with a stronger presence in the Bitcoin and financial technology sectors. The combined company will have access to a broader range of resources and capabilities, potentially allowing it to better serve its clients and drive innovation in the industry. The terms of the deal, including the financial details, were not disclosed in the announcement. The transaction is subject to regulatory approvals and other customary closing conditions.