Asset Manager Stive has reached an agreement to buy Semler Scientific focused on Bitcoin in an agreement fully based on capital instead of cash.
According to the terms announced on September 22, each Semler scientific action will become 21.05 class A efforts, valuing the objective at $ 90.52 per share. That price represents a premium of more than 200% compared to its recent market value.
The merger describes a two track plan for the future company. Semler’s well -established diagnostic line could be monetized directly or leave to deliver actioner’s yields.
At the same time, Strive and Semler leaders plan to expand the scope of preventive diagnoses, with a new management team that guides the transition.
The current directors of Stive will remain in their place, while Semler’s scientific executive president Eric Semler will join the combined board.
Semler described the agreement a way to ensure “direct participation in one of the most innovative Bitcoins strategies in public markets”, pointing out the opportunity to evolve the company’s diagnostic tools on a preventive care platform focused on the early detection of chronic diseases.
Bitcoin Treasury
Together with the acquisition announcement, Stive revealed an important balance sheet movement to acquire 5,816 Bitcoin at an average price of $ 116,047. This amounted to a total of $ 675 million, including rates.
This addition raised the Strive Treasure at 5,886 BTC. According to public data trackers, once the merger is closed, it is projected that the combined company controls more than 10,900 BTC, a large enough possession to place it among the 15 largest Bitcoin corporate treasures worldwide worldwide.
Matt Cole, president and CEO of Stive, said:
“We believe that our Alpha search strategies and the capital structure position us to overcome Bitcoin in the long term. This transaction shows how we can grow the holdings of Bitcoin and Bitcoin by action at an unmatched rate in the industry to boost the accumulation of capital value.”
These transactions illustrate Strive’s desired positioning strategy as Digital Assets Treasury Operator. Earlier this year, the firm absorbed assets entities, which allowed it to change the name under the name of effort and continue operating in Nasdaq.
At that time, executives described a model based on capital exchange for Bitcoin, an approach that argued improves fiscal efficiency and acquire cash -rich companies but undervalued in capital markets.
