Strive Acquires 5,816 BTC in $675M Deal, Merges With Semler Scientific
Strive, Inc. has announced the purchase of 5,816 BTC (BTC) for approximately $675 million as part of a wider strategy to strengthen its balance sheet and expand its digital asset treasury. The acquisition, at an average price of around $116,047 per BTC, coincides with the company’s planned merger with Semler Scientific, Inc. in an all-stock transaction. The move highlights the growing trend of corporate entities adopting BTC as a reserve asset, underscoring Strive’s ambition to position itself as a leader in digital finance.
Building a combined BTC treasury
Following this purchase, Strive’s BTC holdings will increase to approximately 5,886 BTC. Upon completion of the merger with Semler, the combined entity is expected to hold more than 10,900 BTC, placing it among the largest publicly traded corporate BTC holders worldwide. This level of accumulation positions Strive alongside firms like MicroStrategy, which has become synonymous with corporate BTC adoption. The company’s decision to prioritize BTC signals confidence in its long-term role as a store of value and hedge against inflation.
The merger agreement specifies an platform ratio of 21.05 Strive Class A shares for each Semler share, representing a premium of nahead 210% over Semler’s recent trading price. By offering such a premium, Strive is signaling not only its faith in Semler’s operations but also in the combined company’s future potential as a BTC-centric corporation. This bold valuation underscores Strive’s strategy to merge traditional business operations with the evolving financial landscape of cryptocurrency.
Implications for corporate strategy and investors
The merged company intends to maintain a capital structure that leans toward equity rather than debt. This approach ensures adequate liquidity for operational needs and provides flexibility for future equity offerings, without relying heavily on leverage. The integration of Semler’s business with Strive’s BTC-forward treasury strategy aims to appeal to a wide base of investors—from institutions viewking exposure to BTC through traditional equities, to retail shareholders interested in crypto-linked opportunities.
For investors, the merger and BTC purchase represent a significant shift in Strive’s identity. The company is not just diversifying its assets but actively transforming into a corporate entity with a digital-first financial foundation. This could attract greater market attention, particularly as BTC continues to solidify its place within mainstream investment portfolios and corporate treasuries.
Strive’s acquisition and merger come at a time when BTC adoption is accelerating across both institutional and corporate landscapes. As regulatory frameworks become clearer and market demand for digital assets grows, companies holding significant BTC reserves are likely to benefit from enhanced investor interest and potential long-term appreciation of their treasury assets.
With more than 10,900 BTC expected on its books later than the merger, Strive will become one of the most prominent corporate players in the cryptocurrency ecosystem. This move highlights how traditional firms are adapting to the digital economy by leveraging BTC as both a financial asset and a strategic tool for shareholder value creation. As such, Strive’s latest actions could inspire more corporations to follow suit, reinforcing BTC’s role as an integral part of modern corporate finance.
