Strive Inc., the Bitcoin treasury firm led by former U.S. presidential candidate Vivek Ramaswamy, has announced an all-stock acquisition of Semler Scientific. Under the deal, Semler shareholders will receive 21.05 shares of Strive Class A stock per Semler share, representing a 210% premium on its pre-deal price.
In parallel, Strive disclosed a significant Bitcoin purchase of 5,816 BTC worth $675 million, raising its total holdings to 5,886 BTC. With Semler’s Bitcoin reserves added, the merged entity will control more than 10,900 BTC, placing it as the 12th-largest public Bitcoin holder globally.
This leap positions Strive ahead of major names like Hut 8 Mining, Block Inc., and Galaxy Digital. Ramaswamy had first unveiled Strive’s Bitcoin strategy in May 2025, coinciding with its reverse merger plans. For Semler, a health-tech firm that adopted Bitcoin as its primary treasury asset in 2024, the deal secures continuity despite mixed earnings performance and declining revenue.
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