Semler Scientific shareholders approved the all-stock acquisition by Strive, marking what the companies describe as the first merger between publicly traded Bitcoin (BTC) treasury firms.
The combined entity will control 12,797.9 Bitcoin valued at approximately $1.2 billion at current prices.
Strive announced separately that it purchased 123 additional Bitcoin for its corporate treasury at an average price of $91,561 per coin, bringing its pre-merger holdings to 7,749.8 Bitcoin.
Upon completion of the transaction, the merged company will surpass both Tesla and Trump Media & Technology Group in total Bitcoin holdings, becoming approximately the 11th largest corporate holder globally.
What Happened
The acquisition transfers Semler Scientific's entire 5,048.1 Bitcoin treasury to Strive through an exchange of shares.
Strive Chairman Matt Cole stated the deal will boost the company's first quarter 2026 Bitcoin yield above 15 percent.
The asset management firm disclosed plans to monetize Semler Scientific's healthcare diagnostics business within 12 months of closing.
Strive intends to pursue opportunities to retire Semler Scientific's $100 million convertible note and $20 million Coinbase loan, subject to market conditions.
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Why It Matters
The merger consolidates two Bitcoin treasury strategies at a time when corporate cryptocurrency adoption continues expanding despite market volatility.
Strive raised $200 million through a November 2025 preferred equity offering, upsizing the initial $125 million target after the issuance drew more than two times oversubscription.
The company plans to issue substantially more of its SATA perpetual preferred equity instrument over the next 12 months.
Strive's board approved a 1-for-20 reverse stock split for Class A and Class B common shares, aimed at aligning share price with institutional participation standards.
Semler Scientific Executive Chairman Eric Semler will join Strive's board following the transaction close.
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