Strive bets $675 million to acquire Bitcoin treasury company at 200% premium to stock price

Asset manager Strive has reached an agreement to purchase Bitcoin-focused Semler Scientific in a fully equity-based rather than cash-based deal. Under the terms announced Sept. 22, each Semler Scientific share will convert into 21.05 Strive Class A common shares, valuing the target at $90.52 per share. That price represents a premium of more than 200% The post Strive bets $675 million to acquire Bitcoin treasury company at 200% premium to stock price appeared first on CryptoSlate.