Strive's merger solidifies Bitcoin's role as the preferred choice for corporate treasuries

Strive, Inc. [ 1 ]

, Inc. (Nasdaq: ASST) has completed a significant merger with , Inc. (Nasdaq: SMLR), establishing the nation’s most rapidly expanding corporate treasury platform. The deal, an all-share purchase approved by both companies’ boards, allows Strive to acquire Semler Scientific at a 210% premium, or $90.52 per share, by exchanging one Semler share for 21.05 Strive Class A shares. The new entity will control more than 10,900 Bitcoin, which includes 5,816 freshly obtained bought for $675 million at an average rate of $116,047 each, bringing Strive’s total to 5,886 BTC Strive, Inc. [ 1 ].

Fortune [ 2 ] This merger advances the corporate Bitcoin treasury concept pioneered by Michael Saylor’s

Inc. (formerly MicroStrategy), a model that Semler Scientific adopted as its core reserve policy in 2024. Matt Cole, Strive’s CEO, highlighted that the unified company will utilize a “preferred equity only” leverage structure to minimize debt risks and aim for long-term performance beyond Bitcoin. The acquisition also brings Semler Scientific’s diagnostics business, which makes FDA-approved tools for diagnosing chronic illnesses, with intentions to either spin off or sell the unit in the future Fortune [ 2 ].

Coindesk [ 3 ] This agreement reflects a wider movement toward institutional Bitcoin investment, with public firms worldwide now holding over 1 million BTC. Despite Semler Scientific’s shares dropping 46% this year, underlining challenges facing Bitcoin treasury stocks, the merger comes just after Strive’s recent purchase of Asset Entities Inc., illustrating the company’s bold efforts to assemble a substantial Bitcoin reserve. Following the merger, Strive’s Bitcoin per share is projected to increase quickly, supported by its capital structure and acquisition momentum Coindesk [ 3 ].

Thecryptobasic.com [ 4 ] Experts point out that corporate Bitcoin assets have surged by 580% since 2020, with companies turning to BTC as protection against inflation and as a branding tool. Semler Scientific’s earlier ambition to amass 105,000 BTC by 2027 fits with this pattern, although recent market swings have slowed institutional purchases. The merged company’s $118 billion in Bitcoin—equal to 5.26% of the circulating supply—positions it as a major force in the future of institutional Bitcoin investment Thecryptobasic.com [ 4 ].

Cryptonews.com [ 5 ] The ultimate outcome of the merger depends on regulatory developments and market conditions. Although Strive and Semler Scientific are positive about their dual focus on Bitcoin accumulation and healthcare advancements, macroeconomic factors such as interest rates and regulatory oversight could affect the deal’s progress. Completion of the transaction will depend on standard closing requirements, with legal advice provided by Davis Polk & Wardwell LLP and Cantor Fitzgerald. The enlarged Bitcoin holdings and diagnostics business are designed to balance financial growth with the company’s mission Cryptonews.com [ 5 ].