With valuations of Crypto Treasury companies that went very quickly in recent weeks, sector consolidation at one point seemed a security where the only question was when it would start.
It has.
Stiff (Asst) have agreed to buy Semler Scientific (Smlr) In an all-Stock agreement representing a prize of 210% or $ 90.52 per Share, based on Friday’s market closely, according to a press release. Each share of SMLR will be an exchange of 21.05 shares in Asst.
Semler Director Eric Semler is expected to join the board of the combined company.
Next to advertised Strive Purchase of 5, 816 Bitcoin for $ 675 million or an average price of $ 116,047 each.
Adding that the combined company to Semler’s approx. 5,000 in Bitcoin Holdings would have more than 10,900 BTC.
The deal is coming as Semler scientific shares have been under relentless pressure for several weeks and acted too well under the value of Bitcoin on its balance, which presumably gives negative value to the business of his medical equipment. Popping of the Crypto Treasury bubble this summer has left a number of companies in similar positions.
“This fusion cement’s strive’s position as a top Bitcoin Treasury Company,” said Matt Cole, chairman and CEO of Strive. “We believe that our alpha-seeking strategies and the capital structure are positioning us to surpass Bitcoin in the long term.”
ASST shares are higher with 9.3% Premarket for $ 4.71. SMLR shares have not traded since the message hit, but closed at $ 29.18 on Friday.
