Strive Asset Management Set to Acquire Semler Scientific for $567 Million in All-Cash Deal, Bitcoin a Key Factor

Strive Asset Management is planning to acquire Semler Scientific in an all-cash transaction valued at $567 million. The principal motivation behind this acquisition is Strive’s interest in integrating Bitcoin strategies into Semler Scientific’s operations. The acquisition would give Strive control of Semler Scientific’s substantial Bitcoin holdings. Strive aims to enhance shareholder value by incorporating these digital assets into Semler Scientific’s business model. This move is intended to broaden Strive’s exposure to the expanding cryptocurrency market. The transaction is expected to close within the next quarter, remaining subject to customary closing conditions and regulatory approvals. This acquisition represents a significant milestone in corporate adoption of digital currencies as part of their investment strategies.