Strive Joins Forces with Semler to Surpass Bitcoin by Expanding into Healthcare

Strive, Inc. (Nasdaq: ASST) has finalized an agreement to purchase

, Inc. (Nasdaq: SMLR) through an all-stock deal, representing a significant unification of two publicly listed treasury firms. The acquisition, which offers a 210% premium over both companies’ closing share prices on September 19, 2025, sets the value of Semler Scientific stock at $90.52 per share. According to the agreement, each Semler Scientific common share will be exchanged for 21.05 Class A common shares of . Both boards have approved the deal, which remains contingent on the completion of standard closing requirements Strive, Inc. and Semler Scientific, Inc. Announce Bitcoin Treasury Merger [ 1 ].

This merger will considerably boost Strive’s Bitcoin assets. Strive revealed it has acquired 5,816 Bitcoins at a total cost of $675 million, averaging $116,047 for each Bitcoin, bringing its total holdings to 5,886. Including Semler Scientific’s 5,000 Bitcoins, the combined company will possess more than 10,900 Bitcoins, placing it among the world’s top 15 corporate Bitcoin holders Strive to Buy Semler Scientific in Merger of Bitcoin Treasuries [ 2 ]. This move supports Strive’s approach of using a “preferred equity only” leverage model, sidestepping typical debt risks as it aims for long-term Bitcoin price outperformance.

In addition to its Bitcoin strategy, the merger seeks to capitalize on Semler Scientific’s profitable diagnostics business. The newly merged organization intends to broaden its reach into preventive diagnostics, prioritizing early identification of chronic illnesses and overall wellness programs. This two-pronged strategy—combining Bitcoin investment with advances in healthcare—demonstrates a commitment to diversifying income sources while sustaining a robust financial foundation Strive and Semler Scientific to Merge in All-Stock Deal [ 3 ].

Strive’s current management team and board will continue to lead the combined entity, with Eric Semler, Executive Chairman of Semler Scientific, joining the board after the deal closes. Strive CEO Matt Cole underscored that the merger will speed up growth in Bitcoin per share, noting that the company’s financial structure and alpha-focused strategies make it well-positioned to outperform Bitcoin over time. Eric Semler pointed to the substantial premium and the prospects for healthcare diagnostics innovation as key benefits for shareholders Strive, Inc. (Nasdaq: ASST) and Semler Scientific, Inc. [ 4 ].

This acquisition highlights a rising trend in the Bitcoin treasury arena, with firms merging to increase Bitcoin reserves and improve capital management. Strive’s earlier merger with Asset Entities Inc. in August 2025, which added to its Bitcoin treasury, exemplifies this aggressive approach. The combined group’s $1.2 billion in ETF-managed assets and its focus on institutional-grade Bitcoin solutions showcase its intent to become a leading force in the field Strive to Buy Semler Scientific in First Merger of Bitcoin Treasury Companies [ 5 ].

Legal counsel for the transaction includes Davis Polk & Wardwell LLP representing Strive and Goodwin Procter LLP representing Semler Scientific, with financial advice provided by Cantor Fitzgerald and LionTree Advisors. The transaction is expected to close after receiving all necessary regulatory and shareholder consents Strive, Inc. (Nasdaq: ASST) and Semler Scientific, Inc. [ 6 ].