Asset management firm Strive has announced shareholder approval for its acquisition of Semler Scientific, a business that powers its Bitcoin (BTC)-based financial strategy.
The transaction, structured through a stock exchange, saw Strive absorb 5,048.1 units of Bitcoin owned by Semler. We adopted the BTC financial standard last year.
By consolidating these reserves into their own balance sheet, The company’s estimated total holdings reached 12,797.9 Bitcoin.
According to data from BitcoinTreasuries, this number will make the combined company the 11th largest Bitcoin holder in the world, surpassing big names such as Tesla and Trump Media & Technology Group (TMTG) in terms of reserves.
As part of the agreement, Eric Semler, CEO of Semler Scientific, said: Join Strive’s Board of Directors.
Increased market response and bookings
Despite the size of the deal, initial investor reaction was cautious.
Stralive (ASST) stock fell nearly 12% during trading on Tuesday. This reflects lukewarm market sentiment before the announcement.
This can be seen in the following graph.
However, Strive’s financial expansion is aggressive. In addition to the merger, The company reported purchasing an additional 123 Bitcoins. The average price is $91,561 per unit.
Strive CEO Matt Cole emphasized that with this execution, Bitcoin is expected to return more than 15% in the first quarter of 2026. The company now plans to monetize Semler’s operations and liquidate previous debts. Maintain focus on digital currencies as the primary reserve asset.
(Tag Translate)Bitcoin (BTC)
