The publicly traded company Strive has reached an all-stock merger deal with Semler Scientific, and the merged company will hold over 10,900 bitcoins

ChainCatcher news, according to GlobeNewswire, Strive, Inc. (NASDAQ: ASST) and Semler Scientific, Inc. (NASDAQ: SMLR) announced the final agreement for a stock-for-stock merger transaction.

Additionally, Strive announced the purchase of 5,816 bitcoins at an average price of $116,047 each for the company's assets, totaling $675 million, bringing its total bitcoin holdings to 5,886.

The merged company will hold over 10,900 bitcoins and plans to adopt a "preferred stock only" leverage model to avoid the debt maturity risks associated with traditional leveraged bitcoin strategies. The merged company also plans to explore monetizing or spinning off Semler Scientific's historically profitable diagnostics business in the future.