Strive wins approval to acquire Semler, lifting combined Bitcoin holdings to 12,797.9 BTC

Beincrypto reports Strive has received shareholder approval to acquire Semler Scientific in an all-stock transaction that will transfer 5,048.1 Bitcoin to Strive and raise the combined holdings to 12,797.9 BTC.

Strive disclosed it recently bought an additional 123 BTC at an average price of $91,561, bringing standalone holdings to 7,749.8 BTC; the combined total would place the company as the 11th largest corporate Bitcoin holder, surpassing Tesla and Trump Media & Technology Group and closely trailing CleanSpark's 13,099 BTC. The deal will add Semler Executive Chairman Eric Semler to Strive's board, Cantor Fitzgerald is advising Strive, the board authorised a 1-for-20 reverse split, and CEO Matt Cole said the transaction would boost Strive's 2026 first-quarter Bitcoin yield to over 15%.

Despite the boost to its crypto treasury, Strive's stock (ASST) fell nearly 12% after the approval, closing at $0.97 on January 13 per Google Finance, with a pre-market gain of over 2%. Strive plans to monetise Semler's operating business within 12 months of close and may evaluate options to retire a $100 million convertible note and a $20 million loan from Coinbase, subject to market conditions; its standalone Bitcoin holdings are valued at about $738.84 million, an unrealised loss of roughly 15.4% (about $135.2 million).

Key Topics

Crypto, Strive, Semler Scientific, Bitcoin, Eric Semler, Tesla