Strive is set to buy Semler Scientific after shareholders approved the deal, and the big headline is Bitcoin.
The all-stock agreement means Strive will take over Semler Scientific along with its 5,048 Bitcoin. Once the deal is completed, the combined company will hold about 12,797.9 BTC. That puts Strive ahead of well-known names like Tesla and Trump Media, making it one of the largest public companies holding Bitcoin on its balance sheet.
Strive announced the approval on January 13. The move quietly pushes the company higher in the ranks of corporate Bitcoin holders.
On top of the merger, Strive also revealed it recently bought another 123 Bitcoin for its own treasury. The purchase cost around $11.3 million, with an average price of about $91,561 per coin. Before adding Semler’s Bitcoin, Strive already held nearly 7,750 BTC on its own.
What makes this deal stand out is the reason behind it. This isn’t about combining businesses or cutting costs. It’s mainly about Bitcoin. It’s one of the first times a public company built around a Bitcoin treasury strategy is buying another public company largely for its crypto holdings.
Looking ahead, Strive says it plans to sell off Semler Scientific’s healthcare business within about a year, depending on market conditions. The goal is to simplify the company and keep the focus squarely on growing its Bitcoin position.
Strive also plans to deal with Semler’s existing debts, including a $100 million convertible note and a $20 million loan tied to Coinbase. Instead of taking on more traditional debt, the company says it prefers to raise money through preferred equity.
That plan centers on SATA, Strive’s publicly traded preferred equity. After launching it in late 2025, the company expects to issue more of it over the next year.
Finally, Strive’s board approved a 1-for-20 reverse stock split to bring the share price more in line with what big institutional investors usually look for.
Once the deal closes, Semler Scientific’s executive chairman, Eric Semler, is expected to join Strive’s board, further linking the two companies as Strive continues to position itself as a pure Bitcoin-focused public company.
