Trump ally Strive acquires Bitcoin company Semler.

Strive Company has agreed to acquire Semler, merging the two publicly listed bitcoin treasury companies. In this all-stock transaction, Strive will purchase Semler's stock at a price of approximately $90.52 per share, a premium of over 200% from its closing price of $29.18 last Friday. According to the press release, after the merger, the two companies will collectively hold nearly 11,000 bitcoins. Strive was founded by Indian-American entrepreneur Ramaswamy, who announced his candidacy for the 2024 U.S. presidential election as a Republican in 2023, but withdrew in January 2024 and endorsed Trump.