Strive, Inc. has announced that Semler Scientific, Inc. approved its acquisition by StriveThe deal is a historic one for Bitcoin-backed public companies.
Strive has significantly increased its digital assets holdings with the all-stock deal, which includes Semler Scientific’s 5,048.1 Bitcoin.
The company added that they had purchased another 123 Bitcoin for their corporate treasury, at an average of $91,561 a coin. For a cost total of about $11.26 millions, fees included, this company stated. said.
This brings the total Bitcoin holdings of the company to 7,749.8. Following the Semler Scientific acquisition, the combined entity will hold 12,797.9 Bitcoin, surpassing corporate holders such as Tesla and Trump Media & Technology Group to become the 11th largest corporate Bitcoin holder globally, according to the company.
In addition, $ASST announced plans to sell Semler Scientific’s operational business within 12 month of closing the transaction and examine opportunities to pay off Semler Scientific’s convertible $100 million note and Coinbase loan for $20 million subject to market conditions.
Strive shares ($ASST), although down more than 17% for the day, are still up by over 15% over the past month.
Strive is a Bitcoin-focused business
This strategic move reflects the company’s continued focus on Bitcoin operations A simplified and preferred corporate structure that is equity-focused.
“I’m proud of the execution the Strive team has delivered for our shareholders, making history towards completing the first acquisition of a publicly traded Bitcoin treasury company,” Matt Cole is the Chairman and CEO of Matt Cole & Co. “The Semler Scientific deal will continue Strive’s leading yield generation since the inception of our Bitcoin strategy, boosting our Q1 2026 Bitcoin yield to over 15%.”
SATA is a preferred equity offering that was launched in November of 2025. The IPO size increased from $125 millions to $200,000,000 and the demand for subscriptions more than doubled.
The company intends to continue to issue SATA in the coming 12 months, to pay off debt and to maintain an amplification solely through preferred equity.
Jeff Walton is Strive’s Chief Risk officer. He highlighted the unique SATA risk profile. “the balance sheet is comprised of a transparent, digitally native asset, allowing risk to be observed and measured in real time, unlike traditional illiquid assets.”
In order to comply with the standards of institutional investments, as part of the merger the board has approved a reverse split of class A and B shares of 1 for 20.
Eric Semler, the Executive Chairman of Semler Scientific, will be joining the Board of Directors after closing.
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Source: bitcoinmagazine.com
