With assessments of cryptographic cash companies heading very quickly in the south in recent weeks, the consolidation of the sector seemed to be a certainty at some point, the only question being when it would start.
He has.
Sentative (ASST) agreed to buy Semler Scientific (SMLR) In an All-Stock agreement which represents a bonus of 210%, or $ 90.52 per share, based on the fence of the market on Friday, according to a press release. Each SMLR share will be an exchange of 21.05 ASST shares.
The executive president of Semler, Eric Semler, should join the board of directors of the Combined Company.
At the same time, Strive announced the purchase of 5, 816 bitcoin For $ 675 million, or an average price of $ 116,047 each.
Adding that around 5,000 sowing in Bitcoin Holdings, the combined company would hold more than 10,900 BTC.
The agreement occurs while the scientific actions of Semler have undergone relentless pressure for several weeks, trading well below the value of the bitcoin on its balance sheet, thus probably giving a negative value to its activity of medical equipment. The brilliance of the Crypto Treasury Bubble this summer has left a number of companies in similar positions.
“This merger cements the position of Strive as a large Bitcoin cash company,” said Matt Cole, Chairman and CEO of Strive. “We believe that our alpha research strategies and our capital structure position us to outdo long -term Bitcoin.”
ASST shares are higher 9.3% before the market at $ 4.71. SMLR shares have not been negotiated since the announcement, but closed $ 29.18 on Friday.
