Strive, Inc. announced today the successful approval by stockholders of its acquisition of Semler Scientific, Inc., marking a pivotal moment in the landscape of publicly traded Bitcoin-backed companies. This all-stock transaction is set to significantly enhance Strive's digital asset portfolio, incorporating Semler Scientific’s impressive holding of 5,048.1 Bitcoin.

Further solidifying its commitment to its Bitcoin-focused strategy, Strive also disclosed the purchase of an additional 123 Bitcoin for its corporate treasury. This acquisition was made at an average price of $91,561 per coin, incurring a total cost of approximately $11.26 million, inclusive of fees and expenses. With these new purchases, Strive's pre-merger Bitcoin holdings reached 7,749.8. Following the integration of Semler Scientific, the combined entity will boast a substantial 12,797.9 Bitcoin. This significant accumulation positions Strive as the 11th largest corporate Bitcoin holder globally, notably surpassing other prominent corporate holders such as Tesla and Trump Media & Technology Group.

Looking ahead, Strive ($ASST) outlined strategic plans to monetize Semler Scientific’s existing operating business within 12 months post-transaction close. The company also intends to explore avenues to retire Semler’s $100 million convertible note and its $20 million loan from Coinbase, contingent on prevailing market conditions. Despite these ambitious strategic moves, shares of Strive ($ASST) experienced a decline of over 17% on the day of the announcement, though they have shown resilience with an increase of over 15% on the month.

These bold strategic initiatives underscore Strive’s unwavering focus on Bitcoin operations and its commitment to a streamlined, preferred equity-centric corporate structure. Matt Cole, Chairman and CEO of Strive, expressed his pride in the team's execution, stating, “I’m proud of the execution the Strive team has delivered for our shareholders, making history towards completing the first acquisition of a publicly traded Bitcoin treasury company.” He further emphasized the expected financial benefits, noting that the Semler Scientific deal is anticipated to continue Strive’s leading yield generation since the inception of its Bitcoin strategy, projecting a boost to its Q1 2026 Bitcoin yield to over 15%.

The company also highlighted its successful preferred equity IPO, SATA, in November 2025, which was initially upsized from $125 million to $200 million due to overwhelming demand, receiving more than twice the subscription. Strive plans to issue additional SATA over the next 12 months, strategically utilizing these funds to support debt retirement and to maintain amplification exclusively through preferred equity. Jeff Walton, Strive’s Chief Risk Officer, elaborated on the distinctive risk profile of SATA, asserting that “the balance sheet is comprised of a transparent, digitally native asset, allowing risk to be observed and measured in real time, unlike traditional illiquid assets.”

In conjunction with the merger, the board of directors approved a 1-for-20 reverse stock split for Class A and Class B shares. This measure is intended to align the company's share structure with institutional investment standards. Furthermore, Eric Semler, Executive Chairman of Semler Scientific, is slated to join Strive's Board of Directors upon the transaction's closing.