Strive and Semler Scientific announced an all-stock merger transaction, which will hold over 10,900 Bitcoins.

Odaily News Strive, Inc., a publicly listed company in the US, has reached a final agreement for a full stock merger with Semler Scientific, Inc. Additionally, Strive announced it will purchase 5,816 Bitcoins for an average price of $116,047 each, totaling $675 million, bringing its total Bitcoin holdings to 5,886. The merged company will hold over 10,900 Bitcoins and plans to adopt a "preferred stock only" leverage model to avoid the debt maturity risks associated with traditional leveraged Bitcoin strategies. The merged company also plans to explore monetizing or spinning off Semler Scientific's historically profitable diagnostics business in the future. (GLOBE NEWSWIRE)

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