Strive to Acquire Semler Scientific in All-Stock Deal, Expanding Bitcoin Treasury to 11,000 BTC – 22/9/2025
Strive Asset Management (ASST) will acquire Semler Scientific (SMLR) in an all-stock merger that will create one of the largest publicly traded bitcoin treasuries, with nearly 11,000 BTC under management.
The deal values SMLR at $90.52 per share — a 210% premium to Friday’s close — with shareholders set to receive 21.05 ASST shares for each SMLR share. Semler Executive Chairman Eric Semler will join the combined company’s board.
Strive also disclosed the purchase of 5,816 BTC for $675 million at an average price of $116,047. Together with Semler’s 5,000 BTC, the new company will hold more than 10,900 BTC.
Shares of ASST rose 9.3% in premarket trading to $4.71. SMLR last traded at $29.18 before the announcement.
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