Strive, Semler Merge to Form Largest Corporate Bitcoin Holder
In a significant move for the Bitcoin market, Strive, Inc. and Semler Scientific have merged, creating one of the largest corporate holders of BTC globally. The combined company now holds approximately 10,900 BTC, with Matt Cole remaining as Chairman and CEO, and Eric Semler joining the board.
The merger, valued at $1.34 billion, is an all-stock transaction that consolidates two leading Bitcoin treasury firms in the United States. This strategic move bolsters their position in the Bitcoin acquisition and management sector. At the time of the merger, BTC was trading at approximately $119,507 with a market cap of $2.38 trillion, and BTC dominance stood at 57.93%. The price had seen a 1.60% increase over 24 hours and a 10.81% rise over 90 days.
The circulating supply of BTC is nearing 19.93 million, with a maximum cap set at 21 million. This merger reflects a growing trend seen in mature sectors, with companies strategically combining forces to strengthen their market position.
Following the merger, the combined company will hold approximately 10,900 BTC, ranking among the largest corporate holders globally. Matt Cole continues as Chairman and CEO, with Eric Semler joining the joint board. This strategic move is expected to significantly impact the Bitcoin market, further consolidating the leading Bitcoin treasury firms in the United States.
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