ASST Stock Performance Comes Into Question Amid Semler Scientific and Strive Merger Prospects

Semler Scientific (SMLR) and Strive Asset Management (ASST) plan an all-stock merger, contingent on shareholder approval by January 13, 2026, which would create one of the largest corporate Bitcoin treasuries in the US, holding approximately 13,000 BTC. This move positions the combined entity to offer Bitcoin exposure through equities, similar to MicroStrategy, while also leveraging Strive's digital credit platform for financing opportunities. Proxy advisory firm ISS recommends approval, and Semler's chairman, Eric Semler, emphasized the strategic rationale for deploying the Bitcoin holdings in the digital credit market. However, investor sentiment is mixed; Strive's stock (ASST) has seen a significant decline (96% from $18 in 2023 to $0.77 in late December 2025), leading some shareholders to question if the 21.05x exchange ratio adequately compensates SMLR shareholders. The deal is viewed as a pioneering step in corporate Bitcoin treasury consolidation, potentially signaling a broader trend in the sector.

(Source：BeInCrypto)