According to the source, Strive Funds said on Monday it will acquire Semler Scientific for approximately $1.3 billion, with the company stating the deal is intended to grow its Bitcoin (BTC) holdings, per the company’s announcement. Semler Scientific has previously disclosed Bitcoin holdings in its 2024 SEC filings, indicating direct exposure to BTC on its balance sheet, per SEC filings. For traders, monitor SMLR’s price action versus the implied takeout valuation cited by the company statement, potential deal-spread dynamics until closing, and any correlation moves in BTC and corporate-Bitcoin peers as headlines focus on balance-sheet Bitcoin strategies.

According to the source, Strive Asset Management plans to acquire Semler Scientific in an all-cash deal and consolidate about $567 million in Bitcoin reportedly on Semler Scientific’s balance sheet; this has not yet been corroborated by an SEC filing or company press release (source: U.S. SEC EDGAR; Semler Scientific investor relations; Strive Asset Management newsroom). For trading, confirm an 8-K or merger agreement filing and any disclosure of Bitcoin treasury treatment before positioning, and monitor SMLR for deal-premium repricing and any exchange notices or trading halts (source: U.S. SEC EDGAR; Nasdaq Trader; company investor relations).

According to @caprioleio, Semler Scientific (SMLR) trades at an mNAV of 0.9, indicating a discount to its marked net asset value, source: @caprioleio. According to @caprioleio, its Bitcoin holdings are worth more than the company’s equity market capitalization, source: @caprioleio. According to @caprioleio, the BTC yield is 0.25% and the firm is growing its Bitcoin balance by approximately 2% per week, source: @caprioleio. According to @caprioleio, Days Cover is -48 and debt-to-market-cap stands at 17%, with leverage described as conservative, source: @caprioleio. For traders, these metrics flag SMLR as a potential BTC proxy where the NAV discount and BTC balance growth rate are key variables to monitor versus spot BTC performance and peer Bitcoin treasury stocks, source: @caprioleio.

According to Farside Investors, corporate Bitcoin treasury strategies are significantly impacting stock prices. The stock for SQNS experienced a massive 70.9% increase after the company announced its acquisition of 370 BTC. In related news, Semler ($SMLR), another company with a Bitcoin treasury, saw its stock rise 13.3% after attracting a bid, a move potentially influenced by a new 'BUY' rating from Maxim Group. The trend of corporate adoption continues as Vaultz Capital has also joined a corporate Bitcoin program, signaling growing interest in BTC as a treasury asset.

According to @QCompounding, AI cloud firm CoreWeave has re-entered acquisition talks with Bitcoin miner Core Scientific (CORZ), one year after a previous attempt, as reported by the WSJ. This news caused CORZ stock to surge 25% to over $15 per share, also lifting other mining stocks like Hut 8 (HUT) and Cipher Mining (CIFR). For traders, this signals strong interest in the convergence of AI and crypto mining infrastructure. In separate news, Semler Scientific (SMLR) is now trading at a premium to its Bitcoin (BTC) holdings for the first time since June 5, with its multiple net asset value (mNAV) at 1.149. The source indicates this is a key bullish signal, as historically Semler has only added to its BTC position when trading at a premium. This suggests the company, which holds 4,449 BTC, may soon resume purchases to meet its year-end target of 10,000 BTC.

According to @bitcoinarchive, Semler Scientific ($SMLR) became a Bitcoin treasury company on May 28, 2024, acquiring 4,449 BTC now valued at $469 million, which exceeds its current market capitalization. Despite Bitcoin (BTC) rising 55% since the acquisition, SMLR shares have only increased by 2.3% in the same period. This divergence highlights the challenges Bitcoin treasury companies face in translating BTC gains into stock performance, signaling a potential disconnect between crypto asset appreciation and equity market response. Traders should note this mismatch when assessing exposure to Bitcoin via public equities instead of direct crypto holdings. (Source: @bitcoinarchive)