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Strive buys Semler in $1.3bn all-stock deal as Bitcoin treasuries start to eat each other
DL News·2025-09-23 01:47

Strive will acquire Semler in an all-stock deal worth over 90ashare.Thecombinedfirm’snearly11,000Bitcoinputsitjustoutsidethetopten.Absorbingweakerfirmsmaybetheonlywaytreasuriesdefendtheirvalue.Afterastretchofexplosivegrowthandfrothystockpremiums,theBitcointreasurytradelookstobeenteringacannibalphase.OnMonday,newlypublicStriveannounceditwillacquirefellowBitcoin−holdingfirmSemlerScientificinanall−stockdealworthover90 a share.The combined firm’s nearly 11,000 Bitcoin puts it just outside the top ten.Absorbing weaker firms may be the only way treasuries defend their value.After a stretch of explosive growth and frothy stock premiums, the Bitcoin treasury trade looks to be entering a cannibal phase.On Monday, newly public Strive announced it will acquire fellow Bitcoin-holding firm Semler Scientific in an all-stock deal worth over 1.3 billion. The combined fir ...