Strive and Semler Scientific have merged to form a powerhouse with a $1.2 billion Bitcoin treasury, now holding 10,900 BTC. This move places the new company among the largest corporate Bitcoin holders, even as it considers the future of Semler’s profitable healthcare diagnostics division.
Announced on September 22, the deal will see Strive acquire Semler in an all-stock transaction priced at a 210% premium. At the same time, Strive disclosed the purchase of 5,816 BTC for $675 million, instantly strengthening its balance sheet ahead of the merger.
With more than 10,900 BTC combined, the treasury now surpasses that of most publicly traded firms. Interestingly, leadership hinted that the merged company may step away from the medical diagnostics business—once the very source of Semler’s Bitcoin investments.
A New Bitcoin-Focused Corporate Powerhouse
The companies described the merger as a strategy to combine balance-sheet strength with operational flexibility. Strive will take charge of the new entity’s management team and board, while Semler Scientific’s executive chairman, Eric Semler, will join as a board member.
According to the announcement, the merger creates a structure designed to manage large-scale Bitcoin accumulation while determining the future of Semler’s profitable healthcare arm. Options under consideration include monetizing or distributing the diagnostics business, or steering it toward preventative care under new leadership.
The deal unites two trailblazers in the corporate Bitcoin space. Strive is recognized as the first publicly traded asset management firm with a Bitcoin treasury mandate to outperform Bitcoin itself. Meanwhile, Semler Scientific drew attention as the second U.S. public company to adopt Bitcoin as a core treasury asset, financing its purchases through steady cash flow from its medical diagnostics operations.
Once finalized, the merger would give the combined entity control of 10,900 BTC, ranking it as the world’s 12th largest corporate Bitcoin holder, according to BitcoinTreasuries.net. That places it just behind Tesla’s 11,509 BTC, though still far from Michael Saylor’s Strategy, which dominates with a staggering 639,835 BTC.
