Strive, supported by Vivek Ramaswamy, has received shareholder approval to acquire Semler Scientific, a move that will add over 5,000 Bitcoin to its portfolio. This acquisition is anticipated to finalize within the next few weeks as announced on Tuesday.
Currently, Strive’s asset management division holds close to 7,750 BTC with an estimated market value exceeding $720 million.
Upon completion of this transaction, Strive’s total Bitcoin reserves will reach 12,798 BTC. This amount surpasses holdings of prominent companies such as Tesla and Trump Media & Technology Group and positions Strive as the 11th largest corporate holder of Bitcoin worldwide.
“I am proud of what our team at Strive has accomplished for our shareholders,” stated Matt Cole, Chairman and CEO. “This marks a historic milestone as we complete the first-ever acquisition involving a publicly traded company with a Bitcoin treasury.”
Cole further explained that this deal enhances Strive’s projected Bitcoin yield for Q1 2026 to over 15%, emphasizing their strategy by stating it demonstrates how investors can set Bitcoin returns as their benchmark hurdle rate.
The company plans to leverage Semler Scientific’s operational business while addressing its outstanding debts. Following this restructuring effort, Strive intends to concentrate solely on managing its Bitcoin assets along with preferred equity offerings.
Additionally, post-merger plans include implementing a reverse stock split at a ratio of one-for-twenty and expanding issuances related to preferred equity instruments.
Following these announcements, shares in Strive experienced an intraday decline near 13%, dropping below the $1 threshold according to Yahoo Finance data.