Strive ($ASST) Gets Green Light on Semler Scientific Acquisition, Boosts Bitcoin Holdings to Nearly 13,000 BTC

Strive, Inc. ($ASST) received stockholder approval for its acquisition of Semler Scientific, Inc., a landmark deal for publicly traded Bitcoin-backed companies. This all-stock transaction incorporates Semler Scientific’s 5,048.1 Bitcoin. Strive also recently purchased 123 more Bitcoin for $11.26 million, bringing its treasury holdings to 7,749.8 BTC. Post-acquisition, the combined entity will hold 12,797.9 Bitcoin, positioning it as the 11th largest corporate Bitcoin holder globally. Strive plans to monetize Semler Scientific’s operating business within a year and explore retiring Semler's $100 million convertible note and $20 million Coinbase loan. The company is focused on Bitcoin operations, highlighted by its successful $200 million preferred equity IPO (SATA). Furthermore, the board approved a 1-for-20 reverse stock split, and Semler Scientific Executive Chairman Eric Semler will join Strive's Board of Directors.

(Source：Bitcoin Magazine)