Strive, a company that buys and holds Bitcoin (co-founded by Vivek Ramaswamy), is merging with Semler Scientific, another big Bitcoin buyer. Instead of paying cash, Strive will give Semler shareholders Strive stock, at a very high premium (over double Semler’s last share price).

Together, they’ll control more than 10,900 Bitcoin making them one of the largest corporate holders. Strive alone just bought nearly $675 million worth of Bitcoin at an average of $116,000 each.

This deal shows a trend: Bitcoin treasury companies are no longer just raising money to buy Bitcoin they’re now merging and consolidating to grow faster and manage risks.

After the announcement, Semler’s stock jumped over 20%, while Strive’s stock dropped about 7%.

What do you think about this merger, bullish or bearish for btc?