Strive will acquire Semler Scientific together with the latter’s 5,048 Bitcoin after shareholders approved the deal.
Summary
- Strive shareholders approved an all-stock deal to acquire Semler Scientific and its Bitcoin holdings.
- The transaction adds 5,048 BTC, lifting combined holdings to 12,797.9 BTC.
- The deal positions Strive among the largest public corporate Bitcoin holders.
A shareholder decision has quietly pushed a Bitcoin-focused firm further up the corporate treasury ranks.
Strive announced on Jan. 13 that shareholders of Semler Scientific approved an all-stock acquisition, a deal that will transfer more than 5,000 Bitcoin (BTC) to Strive.
Shareholders approve all-stock acquisition
Under the approved transaction, Strive will acquire Semler Scientific’s 5,048.1 Bitcoin, lifting the combined company’s holdings to 12,797.9 BTC once the deal closes. That figure places Strive ahead of several high-profile corporate holders, including Tesla and Trump Media & Technology Group, making it one of the largest public Bitcoin treasury companies.
Alongside the merger news, Strive disclosed a separate purchase of 123 Bitcoin for its own balance sheet at an average price of $91,561 per coin, for a total outlay of about $11.3 million including fees. That purchase brings Strive’s standalone holdings to 7,749.8 BTC ahead of the Semler assets being added.
The acquisition is notable not for operational synergies, but for its focus on Bitcoin itself. It represents one of the first cases where a public company built around a Bitcoin treasury strategy is acquiring another public firm largely for its digital asset holdings.
Post-deal plans and balance sheet changes
Strive said it intends, within 12 months of closing, to monetize Semler Scientific’s operating healthcare business, subject to market conditions. The aim is to streamline the company and concentrate capital and management attention on Bitcoin accumulation and yield.
The firm is also exploring options to retire Semler Scientific’s existing obligations, including a $100 million convertible note and a $20 million Coinbase-related loan. Strive has signaled that future leverage will rely on preferred equity rather than traditional debt.
That strategy centers on SATA, Strive’s publicly traded perpetual preferred equity instrument. Following its initial public offering in November 2025, the company has indicated plans to issue additional preferred equity over the next year as part of its capital strategy.
In parallel, Strive’s board approved a 1-for-20 reverse stock split for both classes of common shares, a move designed to align the stock price with institutional trading standards.
After the transaction closes, Semler Scientific executive chairman Eric Semler is expected to join Strive’s board, linking the two firms as Strive continues to position itself as a pure-play public vehicle for Bitcoin treasury exposure.
