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Strive Asset Management to Acquire Semler Scientific, $567 Million in Bitcoin in All-Cash Deal
Yahoo Finance·2025-09-22 23:47

Strive Asset Management is acquiring Semler Scientific at a 1.3billionvaluation,thecompanysaidonMonday,growingitsBitcoinholdingsbysnappingupacompetitorthathascomeunderpressureinastrategythatsomeanalystspredictcouldbecomemorecommon. TheTexas−basedfinancialservicesfirm,whichwasco−foundedbyRepublicanOhiogubernatorialcandidateVivekRamaswamy,saidinapressreleasethatitisacquiringSemlerthoughanall−stockdealat1.3 billion valuation, the company said on Monday, growing its Bitcoin holdings by snapping up a competitor that has come under pressure in a strategy that some analysts predict could become more common.  The Texas-based financial services firm, which was co-founded by Republican Ohio gubernatorial candidate Vivek Ramaswamy, said in a press release that it is acquiring Semler though an all-stock deal at 90.52 per share, while gaining 5,000 Bitcoi ...