Strive, a cryptocurrency-focused company backed by former U.S. presidential candidate Vivek Ramaswamy, announced on Monday its acquisition of Semler Scientific in an all-stock deal valued at approximately $1.34 billion. This move significantly boosts Strive’s cryptocurrency holdings and underscores the growing trend of corporate adoption of bitcoin treasury strategies.
Under the terms of the deal, Semler shareholders will receive 21.04 Class A shares of Strive for each Semler share, valuing Semler at $90.52 per share, a premium of over 210% compared to its previous closing price. The acquisition follows Strive’s earlier merger with Asset Entities, part of its plan to list on Nasdaq and focus on long-term bitcoin accumulation.
As part of the transaction, Strive will purchase an additional 5,816 BTC for $675 million, bringing the combined company’s bitcoin holdings to over 10,900 BTC. Future purchases are expected to be funded through a preferred equity-only model.
Semler, known for its healthcare solutions including point-of-care tests for measuring arterial blood flow, will continue its operations under Strive while contributing to the company’s growing crypto treasury.
Ramaswamy, a long-time bitcoin advocate and co-founder of Strive in 2022, emphasizes that this strategy mirrors approaches pioneered by firms like MicroStrategy, which began acquiring bitcoin in 2020. With bitcoin up 20.5% year-to-date, outperforming the S&P 500’s 13.3% rise, corporate adoption of crypto treasuries is attracting increasing attention from both investors and regulators.
