Strive

Strive Asset Management warned MSCI that its plan to exclude bitcoin-heavy companies from major benchmarks could create inconsistent results due to differing accounting standards.

With bitcoin treasury company mNAVs collapsing below 1, it made perfect sense for Strive to gobble up Semler Scientific in an all-stock deal. Also: bitcoin price falls from $116,000 to $112,000 on crypto liquidation scare; Metaplanet, Saylor and Capital B stack more bitcoin.

Strive’s $675M Bitcoin buy and merger with Semler form one of the world’s largest corporate Bitcoin treasuries.