Strive Inc., the investment firm co-founded by Vivek Ramaswamy, has unveiled plans to acquire Semler Scientific through an all-stock transaction. This strategic merger not only expands Strive’s footprint in the healthcare diagnostics sector but also significantly boosts its Bitcoin holdings, positioning the firm as one of the largest public corporate holders of the cryptocurrency.
Strive Acquires Semler and Expands Bitcoin Holdings
The merger agreement values Semler shares at approximately $90.52 each, a 210 percent premium over its last trading price. Semler shareholders will receive 21.05 shares of Strive Class A stock for every Semler share they own. Both companies’ boards have unanimously approved the deal, which remains subject to standard closing conditions.
In tandem with the merger announcement, Strive revealed its purchase of 5,816 Bitcoin at an average price of $116,000 per coin, totaling around $675 million. This brings Strive’s total Bitcoin reserves to 5,886 coins. Once the merger is finalized, the combined entity will hold over 10,900 Bitcoin, rivaling other major corporate holders such as Metaplanet.
A New Financial Model Focused on Bitcoin Growth
Strive plans to operate under a preferred-equity structure rather than traditional debt financing. This approach aims to minimize risks associated with debt maturities while accelerating Bitcoin accumulation. CEO Matt Cole emphasized that the company’s goal is to increase Bitcoin per share at a rate faster than Bitcoin’s own growth.
Merging Healthcare Innovation with Crypto Strategy
Semler Scientific brings its expertise in medical diagnostics, particularly through its QuantaFlo device used to detect peripheral arterial disease. The merger offers Semler shareholders exposure to Strive’s aggressive Bitcoin strategy while continuing to expand its preventative healthcare offerings.
Legal and financial advisors involved include Cantor Fitzgerald and LionTree Advisors, with legal counsel from Davis Polk & Wardwell LLP and Goodwin Procter LLP.
Frequently Asked Questions (FAQs)
- What does this merger mean for Semler shareholders?
They will receive Strive Class A shares and gain exposure to a major Bitcoin treasury strategy.
How much Bitcoin will the combined company hold?
Over 10,900 coins, making it one of the largest public holders.
- Why is Strive using a preferred-equity model?
To reduce debt-related risks and accelerate Bitcoin accumulation.
