Strive's Semler Buy Likely to Start Next Wave of Digital Asset Treasuries M&A

Strive's acquisition of Semler Scientific marks a historic moment as the first merger of publicly traded bitcoin treasuries, signaling a consolidation wave in the Digital Asset Treasury (DAT) sector. This acquisition aims to unify bitcoin holdings, enhancing the metric of ‘bitcoin per share’ and improving capital access. With the deal, the combined entity will manage approximately 11,000 BTC, contributing to a significant boost in bitcoin per share. The Wall Street banker who provided insights on the merger outlined three strategies for the growth of DATs: engaging in DAT-to-DAT mergers, acquiring cash-flowing businesses, and avoiding the pitfalls of SPACs by merging with established firms. Other DATs are also looking to adopt similar consolidation strategies or acquire profitable businesses as part of growth phases, indicating a broader evolution in the digital asset sector.

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