Stocks of Strive Asset Management (ASST) and Semler Scientific (SMLR) surged in premarket trading Monday after the first merger of two public bitcoin treasury companies. Strive rose 30% to $1.46, and Semler climbed 18% to $28.40 following investor Mike Alfred’s disclosure of acquiring over 1 million shares of ASST. Retail traders are now eyeing the stock, with ASST being listed among the top-trending tickers by the WallStreetBets community. The renewed interest comes after Strive announced the acquisition of Semler in an all-stock deal valuing Semler at a 210% premium, with each SMLR share converting into 21.05 ASST shares. Despite Wall Street’s negative response initially, the combination of a low valuation, rising bitcoin prices, and a timely tweet from Alfred has led to the recent surge in stock prices.

Read more at Yahoo Finance: Bitcoin Treasury Company Strive Surges Additional 30%, Nearly Doubling in Two Sessions