Catenaa, Friday, September 26, 2025- Strive, Inc. and Semler Scientific, Inc. announced a definitive all-stock merger Monday, creating a combined company with over 10,900 bitcoin holdings and a stronger presence in the public bitcoin treasury market.
The merger, valued at roughly a 210% premium, will exchange each Semler share for 21.05 Class A shares of Strive.
Boards of both companies unanimously approved the transaction, which remains subject to customary closing conditions.
Strive concurrently disclosed a $675 million bitcoin purchase of 5,816 coins at an average price of $116,047 each, boosting its total holdings to 5,886 BTC.
Semler’s prior strategy targets 105,000 bitcoin by 2027 under the guidance of Director of Bitcoin Strategy Joe Burnett.
Leadership emphasized that the merger positions the combined entity as a top US bitcoin treasury player while also retaining Semler’s profitable diagnostics business.
Plans include exploring preventive healthcare solutions and early detection initiatives, alongside bitcoin accumulation. Strive CEO Matt Cole described the merger as a platform for long-term outperformance in digital asset markets, while Semler Executive Chairman Eric Semler highlighted the transaction’s value creation for shareholders.
The combined company intends to leverage both capital markets and operational expertise to scale bitcoin acquisitions while expanding its healthcare footprint.
Analysts note that the union signals growing consolidation in publicly listed bitcoin treasury firms, providing investors with a diversified exposure to both crypto assets and mission-driven diagnostics.
The merger reflects an emerging trend of public companies integrating digital assets with core business operations to enhance revenue streams and market positioning.
