The capital raise will support balance sheet restructuring and the company's bitcoin strategy.
Upon completion, the combined firm would hold nearly 13,000 BTC, surpassing the holdings of Tesla and Trump Media & Technology Group.
A "cheap" valuation coupled with a tweet from a well-followed investor and a firming in the price of bitcoin set off the fireworks in the stock.
Strive's Semler buy, the first DAT-to-DAT deal, cements “Bitcoin per share” as the key metric while setting the stage for a broader wave of consolidation.
Semler (SMLR) rose to just $32.06 yesterday even as the implied acquisition value was above $86, an unusually wide arbitrage spread, said analyst Mark Palmer.
Asset manager Strive has reached an agreement to purchase Bitcoin-focused Semler Scientific in a fully equity-based rather than cash-based deal. Under the terms announced Sept. 22, each Semler Scientific share will convert into 21.05 Strive Class A common shares, valuing the target at $90.52 per share. That price represents a premium of more than 200% […]
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Strive has agreed to acquire Semler Scientific in an all-stock merger, become a 10,900+ BTC treasury amid DAT consolidation.
The all-stock deal will have combined company holding nearly 11,000 bitcoin.
Investors are giving no credit for the company's deliberate approach to adding additional bitcoin, said analyst Mark Palmer.
Bitcoin is trading at all-time highs, and major holders like Strategy and El Salvador are sitting on massive unrealized profits.
Semler trades at a steep discount compared to bitcoin treasury peers, the report said.
The return to parity may be a signal the 15th-largest bitcoin treasury company will soon add to its BTC stash.
The company's roughed-up shares are higher by 14% in a down market following the late-Thursday announcements.
An analyst said rising corporate appetite for bitcoin treasuries, from firms like Semler Scientific and Strategy, will buoy the bull thesis.
The bitcoin treasury company's market cap has tumbled below the value of its BTC holdings.
Positioning across crypto markets doesn't suggest a top, but neither does it seem ideal for continued rally.
The commonly used mNAV is an insufficient gauge for measuring relative valuations, argues NYDIG's Greg Cipolaro
The latest purchase was for $20 million and the company has now tapped its April 15 common stock issuance program for $136.2 million to fund bitcoin buys.
GameStop has taken a bold step into the crypto space, confirming that it has purchased 4,710 Bitcoin, according to a May 28 statement. According to Bitcoin Treasuries data, this move places GameStop among the top 13 public companies holding Bitcoin, surpassing other entrants like Semler Scientific. Google Finance data shows the company’s stock climbed roughly […]
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Bitcoin slumped just modestly from record high levels on Friday, but the carnage in related stocks was far worse.
The company acquired 455 bitcoin in its third-largest announced purchase.
The company made its latest purchases for $16.2 million, or an average price of $97,093 per bitcoin.
The Semler Scientific chairman flagged the ad tech firm as ripe for a bitcoin treasury strategy amid stock struggles and cash stockpile.
The medical device maker now holds a total of 3,303 bitcoin.
Since adopting its bitcoin strategy in May 2024, Semler has accumulated 3,192 BTC, currently valued at roughly $266 million.
The Semler Scientific chair introduced the first member of his 'Zombie Zone' companies that could benefit from adding bitcoin to their balance sheet.
The token, trading under the ticker symbol SMLR, saw a 300% rise after launch but then plummeted.
Fourth-quarter revenue and income from operations rose while the medical-devices company holds 2,321 BTC.
As Bitcoin (BTC) retests the $90,000 price level after tumbling almost 9% in the past week, institutional investors and corporations are seizing the pullback as an opportunity to increase their BTC reserves. Business intelligence firm MicroStrategy is one such entity, having purchased 2,530 BTC during the ongoing market downturn. MicroStrategy Buys The Bitcoin Dip Undeterred […]
The company now owns more than $192 million worth of BTC and touts a "Bitcoin yield" of more than 99%, it said.