DALLAS, Jan 13, 2026, 16:54 CST
- Strive and Semler shareholders have given the green light to Strive’s all-stock deal to acquire Semler Scientific.
- Strive revealed it bought 123 bitcoins, expanding its corporate Bitcoin holdings.
- ASST dropped roughly 12% in after-hours trading, while SMLR slid around 10%.
Strive Inc shares dropped in after-hours trading Tuesday following news that Semler Scientific shareholders greenlit an all-stock acquisition, bringing Semler’s Bitcoin holdings into Strive’s corporate treasury. Strive slipped roughly 12% to $0.97, and Semler shares fell about 10%, closing at $20.34.
The approval pushes Strive nearer to acquiring a healthcare device firm better known lately for its stash of Bitcoin than its diagnostic products. It also places the company at the heart of a broader trend, where investors view certain small-cap “Bitcoin treasury” firms as stand-ins for the cryptocurrency’s price moves.
The pitch is straightforward: accumulate Bitcoin, secure financing for it, and aim to increase Bitcoin per share. The challenge lies in managing the funding and controlling the share count.
Strive disclosed in a filing that it acquired roughly 123 bitcoin from Jan. 1 to Jan. 12, paying an average of about $91,561 each. The total outlay, fees included, came to $11.264 million. The company anticipates the merger will finalize on or around Jan. 16. (SEC)
Strive announced it would acquire Semler’s 5,048.1 bitcoin, pushing its total holdings to 12,797.9 bitcoin — enough to rank as the 11th-largest corporate holder, surpassing Tesla and Trump Media & Technology Group. The company plans to monetize Semler’s operating business within 12 months of closing. It’s also eyeing the retirement of Semler’s $100 million convertible note and a $20 million loan from Coinbase. Strive’s board has approved a reverse stock split. CEO Matt Cole said the deal is expected to “boost” Strive’s first-quarter 2026 “Bitcoin yield” beyond 15%. Executives highlighted preferred stock funding and the reverse split as key moves to widen investor access. (Stock Titan)
Strive uses the term “Bitcoin yield” to describe the amount of Bitcoin it claims to generate or accumulate per share, instead of paying a cash dividend. A reverse stock split cuts the number of shares by merging them, pushing up the share price but leaving the company’s total market value untouched.
With bitcoin priced near $95,600, a holding of 12,797.9 bitcoins would total about $1.2 billion at today’s rates. Strive and Semler initially revealed the deal back in September, Decrypt reports. (Decrypt)
Semler focuses on healthcare technology, specializing in early detection and monitoring tools for chronic diseases. Strive, meanwhile, is shifting its strategy to concentrate on a Bitcoin-heavy balance sheet as part of its asset management approach.
The merger still needs to close, and both firms are pinning their short-term outlook on an asset known for volatile swings in a single day. Even if the deal wraps up as planned, selling or “monetizing” Semler’s operating business, paying down debt, and funding more Bitcoin purchases will depend heavily on market conditions and investors’ willingness to absorb new issuance.
Investors are focused on the timing of the reverse split and any updates about the financing plan for the merged company after the deal closes.
