Strive Shareholders Approve Merger with Semler Scientific, Total BTC Holdings to Increase to 12,798 Coins

BlockBeats News, January 14th, Shareholders of the publicly traded Bitcoin treasury company Strive have approved the acquisition of another Bitcoin treasury company, Semler Scientific. After the merger, the BTC holdings will increase to 12,798 coins, worth about $1.22 billion, making it the 11th largest corporate holder.

Strive stated that its goal is to tokenize Semler's medical diagnostic business and address a $120 million debt issue. After the transaction is completed, Eric Semler, the Chairman of Semler Scientific, will join Strive's board of directors. Following this announcement, the stock prices of Strive and Semler Scientific each dropped by around 10%.