Markets 
What on Earth is Happening? 🤯
- Strive is gobbling up Semler Scientific in a deal that’s all stock, no shock. 📈
- Oh, and they’re throwing in $675 million for 5,816 bitcoins because, why not? 🤑
- Semler’s stock was so undervalued, it was practically giving away its medical equipment for free. 🩺✨
Well, strap in, folks, because the crypto rollercoaster has taken a sharp turn into Mergerville. With crypto valuations plummeting faster than a lead balloon in a hurricane, it was only a matter of time before someone said, “Hey, let’s combine and confuse everyone!”
And so, Strive (ASST-yes, really) has decided to swoop in and rescue Semler Scientific (SMLR) in an all-stock deal that’s offering a jaw-dropping 210% premium. That’s $90.52 per share, based on Friday’s close. Each SMLR share gets you 21.05 shares of ASST. Because who doesn’t love a good stock swap? 🕺💃
Eric Semler, the Executive Chairman of Semler, is expected to join the board of the new Frankenstein company. Meanwhile, Strive announced they’re dropping $675 million on 5,816 bitcoins, averaging $116,047 each. Add that to Semler’s 5,000 bitcoins, and you’ve got a crypto treasure chest of over 10,900 BTC. 🏴☠️✨
Semler’s shares have been taking a beating lately, trading below the value of the bitcoin on its balance sheet. Essentially, the market was saying, “We’ll take your crypto, but you can keep the medical equipment-it’s a liability.” Ouch. 😬
“This merger cements Strive’s position as a top Bitcoin treasury company,” said Matt Cole, Strive’s chairman and CEO. “We believe our alpha-seeking strategies and capital structure position us to outperform bitcoin over the long run.” Bold words, Matt. Let’s see if the market agrees. 🤔
ASST shares are up 9.3% premarket to $4.71, while SMLR shares are still catching their breath after the announcement. They last closed at $29.18 on Friday. Stay tuned, because this crypto soap opera is just getting started! 🍿🚀
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2025-09-22 17:44