Strive’s Semler Scientific Acquisition Lifts Bitcoin Holdings but Sends Stock Down 12%
Strive's acquisition of Semler Scientific, boosting its Bitcoin holdings significantly, caused its stock to drop nearly 12%.Summary
Strive received shareholder approval for an all-stock acquisition of Semler Scientific, which will increase its Bitcoin holdings to 12,797.9 BTC, making it the 11th largest corporate holder globally, surpassing Tesla and Trump Media & Technology Group. Despite this expansion of its treasury, Strive's stock (ASST) fell nearly 12% following the news. Strive also recently purchased 123 additional BTC, bringing its standalone holdings to 7,749.8 BTC before the merger. Strive CEO Matt Cole stated the deal boosts their expected Q1 2026 Bitcoin yield to over 15%. Following the transaction, Eric Semler will join Strive's board, and Strive plans to monetize Semler's operating business within a year while evaluating options to retire existing debt. Concurrently, the board authorized a 1-for-20 reverse stock split to align the share price for institutional investors. Despite the stock decline, the company's standalone Bitcoin holdings represented an unrealized loss of about 15.4% based on recent market prices.
(Source：BeInCrypto)