Strive Asset Management has agreed to purchase Semler Scientific in an all-stock merger. This marks the first consolidation among public companies holding large bitcoin treasuries. The agreement values Semler at $90.52 per share , representing a 210% premium over its last market close. Each share of Semler will be exchanged for 21.05 shares of Strive (ASST) . Following the transaction, Semler’s executive chairman Eric Semler will join the combined company’s board. Alongside the merger, Strive disclosed the purchase of 5,816 bitcoin for $675 million , at an average price of $116,047 per BTC . When added to Semler’s holdings of about 5,000 bitcoin , the combined company will control more than 10,900 BTC . The deal follows heavy pressure on Semler’s stock price. In recent weeks, the company traded at levels below the value of its bitcoin reserves, effectively discounting its medical equipment business. This reflects a broader downturn across listed bitcoin treasury firms, many of which have seen valuations collapse after the summer’s market correction. “This merger cements Strive’s position as a top Bitcoin treasury company,” said Strive chairman and CEO Matt Cole. He added that the firm’s strategy and capital structure aim to deliver returns above bitcoin over the long term. The transaction signals the beginning of consolidation among publicly traded bitcoin treasury companies, with Strive positioning itself as a leading player in the sector.
