Strive, the bitcoin-treasury firm co-founded by Vivek Ramaswamy, will acquire Semler Scientific in an all-stock transaction valued at $1.34 billion. Semler shareholders will receive 21.04 Strive Class A common shares per Semler share, valuing Semler at $90.52 per share — a 210% premium to Friday’s close. Strive will also purchase 5,816 bitcoin for $675 million, bringing the combined company’s holdings to more than 10,900 bitcoin. Future bitcoin acquisitions will be funded using a “preferred equity only” model. Semler operates a healthcare business offering point-of-care vascular tests in addition to its bitcoin treasury strategy. Cantor Fitzgerald advised Strive on the deal, while LionTree Advisors advised Semler.

Read more at Quiver Quantitative: Strive to Acquire Semler Scientific in $1.34B All-Stock Deal, Expands Bitcoin Holdings