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Ramaswamy-backed Strive to buy Semler in $1.3 billion deal all stock deal, boosting Bitcoin holdings
Yahoo Finance·2025-09-22 22:21

(Reuters) -Strive said on Monday it will acquire Semler Scientific in an all-stock deal valued at about 1.34billion,asthebitcointreasurycompanybackedbyformerRepublicanU.S.presidentialcandidateVivekRamaswamymovestoexpanditscryptocurrencyholdings.Semlershareholderswillreceive21.04ClassAcommonsharesofStriveforeachSemlershare,valuingSemlerat1.34 billion, as the bitcoin-treasury company backed by former Republican U.S. presidential candidate Vivek Ramaswamy moves to expand its cryptocurrency holdings. Semler shareholders will receive 21.04 Class A common shares of Strive for each Semler share, valuing Semler at 90.52 per share, a premium of more than 210% to its Friday close. The deal comes less than five months after Strive announced a ...