With valuations of crypto treasury companies headed very quickly south in recent weeks, sector consolidation seemed a certainty at some point, with the only question being when it would start.

It has.

Stive (ASST) has agreed to buy Semler Scientific (SMLR) in an all-stock deal that represents a 210% premium, or $90.52 per share, based on Friday's market close, according to a press release. Each share of SMLR will be exchange of 21.05 shares of ASST.

Semler Executive Chairman Eric Semler is expected to join the board of the combined company.

Alongside, Strive announced the purchase of 5,,816 bitcoin (BTC) for $675 million, or an average price of $116,047 each.

Adding that to Semler's roughly 5,000 in bitcoin holdings, the combined company would hold more than 10,900 BTC.

The deal come

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