Odaily Planet Daily News: Strive, Inc., a US-listed company, and Semler Scientific, Inc. announced a definitive agreement for an all-stock merger transaction.

In addition, Strive announced the purchase of 5,816 bitcoins to the company's assets at an average price of $116,047 per bitcoin, with a total purchase price of $675 million, bringing its total bitcoin holdings to 5,886.

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