Strive Merges With Semler In Bitcoin Mega Deal

Strive Inc. (NASDAQ: ASST) and Semler Scientific, Inc. (NASDAQ: SMLR) have entered into a definitive all-stock merger agreement, bringing together the substantial Bitcoin holdings of both companies.

The transaction delivers a premium of nearly 210% to Semler shareholders, or roughly $90.52 per share, based on closing prices on September 19, 2025. Under the terms, each Semler common share will be exchanged for 21.05 Strive Class A common shares.

At the same time, Strive disclosed a purchase of 5,816 Bitcoin at an average price of $116,047, raising its total to 5,886 BTC. Once the merger closes, the combined company will hold more than 10,900 Bitcoin, cementing its status as one of the largest publicly traded Bitcoin treasury firms.

Strive Chairman and CEO Matt Cole said: “This strategic merger creates a scaled and accretive Bitcoin acquisition platform. We believe our capital structure and alpha-driven strategies will enable us to outperform Bitcoin over the long run.”

The move aligns with Strive’s strategy to become the fastest-growing corporate Bitcoin holder, while avoiding the debt maturity risks seen in leveraged Bitcoin strategies. Strive’s management will continue leading the combined entity, with Eric Semler, Executive Chairman of Semler Scientific, joining the Board of Directors.

Semler added: “This merger provides significant value for our shareholders by delivering a substantial premium and direct participation in one of the most innovative Bitcoin strategies in public markets.”

Additionally, the new company intends to monetize or spin off Semler’s profitable diagnostics business in the future, signaling a full pivot toward the Bitcoin treasury model.

Semler Scientific, traditionally recognized for its medical devices and chronic disease software, became the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset. Meanwhile, Strive has quickly established itself in the Bitcoin treasury space following its merger with Asset Entities.

The boards of both companies have unanimously approved the deal, which remains subject to customary closing conditions.

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