Strive Gains Shareholder Support to Acquire Bitcoin Buyer Semler Scientific

Strive is set to acquire Semler Scientific along with its 5,048 Bitcoin after receiving shareholder approval for the deal.

Key Takeaways

Strive has secured shareholder approval to acquire Semler Scientific and its 5,048 Bitcoin.
The merger will increase Strive’s total Bitcoin holdings to approximately 12,797.9 BTC.
Strive aims to focus on Bitcoin accumulation and streamline Semler’s operations post-acquisition.
The firm plans to manage pre-existing debts using preferred equity strategies rather than traditional loans.
A reverse stock split has been approved to make the stock more appealing to institutional investors.

This acquisition reflects a growing trend of companies investing directly in Bitcoin and leveraging digital assets for corporate growth.

Strive to absorb Semler Scientific in Bitcoin-focused deal

A crucial shareholder vote has encouraged a Bitcoin-focused firm to ascend the ranks of corporate treasury management. On January 13, Strive announced that Semler Scientific's shareholders have approved an all-stock acquisition that will add over 5,000 Bitcoin to Strive’s assets.

Approval for All-Stock Acquisition

With the deal now approved, Strive will take ownership of Semler Scientific’s 5,048.1 Bitcoin. This acquisition will elevate the combined company’s total Bitcoin holdings to 12,797.9 BTC upon completion of the transaction. This significant amount positions Strive ahead of notable corporate Bitcoin holders like Tesla and Trump Media & Technology Group, making it one of the largest public entities with substantial Bitcoin reserves.

In addition to the merger announcement, Strive revealed it has bought 123 Bitcoin for its own balance sheet at an average cost of $91,561 per coin, totaling around $11.3 million, including fees. Following this acquisition, Strive’s independent Bitcoin reserves will increase to 7,749.8 BTC before the integration of Semler's assets.

What makes this acquisition noteworthy is not the expected operational benefits, but rather its emphasis on Bitcoin itself. This marks one of the first occasions where a public company focused on Bitcoin treasury strategies has acquired another public firm primarily for its digital asset portfolio.

Plans Post-Acquisition and Adjustments to Balance Sheets

Following the acquisition's closure, Strive plans to monetize Semler Scientific’s healthcare operations within a year, depending on market conditions. This initiative aims to streamline the company’s focus and enhance its capital and managerial attention on Bitcoin accumulation and yield generation.

Strive is also considering options to eliminate Semler Scientific’s pre-existing liabilities, which include a $100 million convertible note and a $20 million loan related to Coinbase. The firm has indicated that future financial leverage will rely on preferred equity instead of conventional debt.

This strategy revolves around SATA, Strive’s publicly traded perpetual preferred equity instrument. After its initial public offering in November 2025, the company plans to issue more preferred equity within the next year as part of its financial strategy.

In conjunction, Strive’s board has endorsed a 1-for-20 reverse stock split for both classes of common shares; this action aims to align the stock price more closely with institutional trading preferences.

Once the deal is finalized, Semler Scientific's executive chairman, Eric Semler, is anticipated to join Strive’s board, creating a connection between the two companies as Strive positions itself as a dedicated public entity for Bitcoin treasury investment.