In a recent one development, Strive, Inc. officially passed the last hurdle, while Semler Scientific shareholders voted this week to approve an all-stock acquisition.
Once approved, the deal will create a major Bitcoin powerhouse.
Adding Semler’s 5,048.1 BTC and his own recent purchases, Strive will hold a total of approximately 12,800 BTC.
With this move, Strive now surpasses Tesla and Trump Media’s BTC shares to claim the 11th spot on the global company list. ranking.
Strive’s bold bitcoin holdings
Regarding the merger, Matt Cole, Chairman and CEO of Strive, said That the deal would strengthen the company’s Bitcoin strategy by expanding its track record in yield generation.
He believes the acquisition will increase Strive’s Bitcoin returns to over 15% in the first quarter of 2026.
Cole said:
“I am proud of the execution the Strive team delivered for our shareholders and made history toward completing the first acquisition of a publicly traded Bitcoin treasury company.”
Cole added,
“We are showing the market how to trade with Bitcoin as a hurdle.”
This acquisition, coupled with a new purchase of 123 Bitcoin [BTC] at a cost basis of $91,561 per coin, has pushed Strive’s total holdings to a whopping 12,797.9 BTC.
What is the reason behind this step?
According to the press release, management has drawn up a twelve-month roadmap. It specifies how to monetize Semler’s legacy healthcare business, diverting those proceeds into a critical phase of deleveraging.
Its main targets include canceling Semler’s $100 million convertible bond and a $20 million Bitcoin-backed loan from Coinbase.
By removing these obstacles, Strive plans to use only preferred stock to increase its Bitcoin exposure.
Unlike regular debt that must be repaid within a certain period, this model uses long-term preferred equity capital.
This helps grow Bitcoin holdings without the risk of forced selling during market downturns.
In fact, Strive’s recent addition of 101.8 BTC to its balance sheet on January 4 further serves as a first step towards the massive takeover of Semler.
The market sale and more
But despite the announcement, Strive’s ASST plummeted to a low of $0.90 and finally around $0.97, a sharp drop of 11.82%.
The same goes for Semler Scientific [SMLR] tumbled almost 10% to trade at $20.34 according to Google Finance data.
While ASST and SMLR struggled, BTC finally shook off its recent bearish moves.
The token rose 3.55% over the past 24 hours, regaining the $95,000 level and trading at $95,036.57, according to CoinMarketCap data.
Final thoughts
- The sharp market sell-off highlights a growing gap between Bitcoin accumulation and stock investor sentiment.
- Strive’s plan to monetize legacy healthcare assets shows a deliberate move from non-core businesses to a Bitcoin-first identity.