With the valuations of cryptographic treasury companies that went very quickly to the south in recent weeks, the consolidation of the sector seemed a certainty at some point, with the only question when it would begin.
He has it.
Estive (ASST) You have agreed to buy Semler Scientific (SMLR) In an agreement of the entire stock that represents a 210%premium, or $ 90.52 per share, according to the closure of Friday’s market, according to a press release. Each SMLR action will be an exchange of 21.05 ASTES shares.
The executive president of Semler, Eric Semler, is expected to join the combined company board.
Together, Stive announced the purchase of 5, 816 Bitcoin for $ 675 million, or an average price of $ 116,047 each.
Adding that to the approximately 5,000 Semler in Bitcoin Holdings, the combined company would have more than 10,900 BTC.
The agreement occurs when Semler’s scientific actions have been under implacable pressure for several weeks, quoting well below the value of Bitcoin in their general balance, which presumably gives a negative value to their medical equipment business. The outbreak of the Crypto Treasury bubble this summer has left several companies in similar positions.
“This fusion consolidates Stive’s position as a Bitcoin Treasury company,” said Matt Cole, president and CEO of Stive. “We believe that our Alpha search strategies and the capital structure position us to overcome Bitcoin in the long term.”
ASSST shares are higher by 9.3% prior to $ 4.71. SMLR shares were not negotiated since the announcement reached, but closed to $ 29.18 on Friday.
