Strive Inc. (NASDAQ:ASST) is one of the best performing penny stocks to buy now. On September 22, the company agreed to acquire Semler Scientific in an all-stock transaction. Following the transaction, the company also acquired 5,816 Bitcoin at an average price of $116,047 per Bitcoin, for a total of $675 million further strengthening its treasury.
The acquisition is poised to strengthen Strive’s position as a top Bitcoin treasury company. It also showcases how the company can grow its Bitcoin holdings and Bitcoin per share at an unmatched pace, driving equity value accretion. The merger is also expected to create significant shareholder value by delivering a substantial premium.
“Just as importantly, this merger can drive shareholder value by expanding our medical diagnostics business into a robust preventative care and wellness platform focused on early detection of chronic disease. This dual-pronged strategy fuels both financial strength and mission-driven growth opportunities for our stakeholders,” said Eric Semler, Executive Chairman of Semler Scientific.
Strive Inc. is an asset management Bitcoin treasury company that focuses on increasing Bitcoin’s value per share to outperform Bitcoin over the long term. It currently holds 5,886 Bitcoin.
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This article is originally published at Insider Monkey.
