TLDR:
- Strive Enterprises (ASST) consolidates a reserve of 12,797.9 BTC after absorbing Semler Scientific.
- The new entity becomes the 11th largest corporate Bitcoin holder globally, officially surpassing Tesla.
- The company plans to monetize Semler’s medical division to focus exclusively on Bitcoin operations.
January 13, 2026, will be a date for the financial history books. This Tuesday, the first-ever acquisition of a publicly traded Bitcoin treasury company was officially completed.
Strive Enterprises (Nasdaq: ASST) received final approval from its shareholders to acquire Semler Scientific (Nasdaq: SMLR), a move that redefines merger and acquisition (M&A) strategies in the digital asset era.
With this transaction, Strive absorbs all of Semler’s reserves, totaling 5,048.1 BTC. Combined with Strive’s recent purchases—including a 123 BTC acquisition at an average price of $91,561—the combined entity now holds an impressive total of 12,797.9 BTC.
This volume of assets allows Strive to climb the ranks to become the 11th largest corporate holder of Bitcoin in the world, officially displacing Tesla from that position.
Towards a Business Model Focused Exclusively on Bitcoin
Strive’s goal is to transform the former Semler into a “pure-play” Bitcoin treasury company. Matt Cole, CEO of Strive, announced that the company plans to monetize Semler’s medical products division within the next year.
The proceeds from this sale are expected to be used to retire legacy debts, including a $100 million convertible note and a $20 million loan from Coinbase.
The restructuring aims to simplify the corporate architecture to focus on a “preferred equity only” amplification model. This financial efficiency is already yielding results, with the merger expected to boost the company’s Bitcoin yield to over 15% for the first quarter of 2026.
Semler Scientific, which was initially dubbed a “MicroStrategy copycat” when it began its accumulation strategy in May 2024, has ended up as the protagonist of the first major consolidation move among companies using Bitcoin as their primary reserve asset.
This deal not only validates the crypto-asset treasury strategy but also opens the door for future acquisitions within the sector.
