Strive’s Scientific Acquisition of Semler Boosts Bitcoin Attention But Sends Shares Down 12%

Strife has received shareholder approval to acquire Semler Scientific in an all-stock deal. This will propel the combined company to become the 11th largest seller of Bitcoin (BTC).

However, market reaction to the merger was tepid, with shares of Strive ( ASST ) falling about 12% on Tuesday.

Strive to expand Bitcoin treasury with Semler Scientific trading

The voting process for the acquisition has begun At the end of December 2025, with a special meeting scheduled for January 13 to approve the merger. As announced in the press release, the shareholders of Semler Scientific have voted in favor of the transaction. This will transfer ownership of 5,048.1 BTC to Strive.

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As revealed by Strife They recently acquired 123 Additional Bitcoin at an average price of $91,561 per coin. This brings his standalone holdings to 7,749.8 BTC. With the acquisition, the combined entity is expected to own 12,797.9 BTC.

This will put the company in between Largest corporate Bitcoin holders Globally, surpassing both Tesla and Trump Media and Technology Group. The company is the 11th largest holder of Bitcoin, after that CleanSpark you own 13,099 BTC from below.

“The Simler Scientific transaction will continue to generate industry-leading returns for Strive since the launch of our Bitcoin strategy, taking the Q1 2026 Bitcoin return to over 15%, a win for both Strive and Simler Scientific. We are showing the market how to perform using Bitcoin as a hurdle rate.” He said Matt Cole, CEO of Strive.

Additionally, upon completion of the transaction, Eric Simler, CEO of Simler Scientific, will join Strive’s Board of Directors. Tribune Fitzgerald is serving as financial advisor to Strife, while Davis Polk & Wardwell is serving as legal advisor. Meanwhile, Semler Scientific is advised by Lion Tree Consultants and Goodwin Procter.

Far from expanding bitcoin reserves, Strav also plans to spin off Sembler’s operations within 12 months of closing the deal and is evaluating options to sell off the company’s existing debt obligations.

This includes a $100 million convertible note and a $20 million loan from Coinbase. These initiatives will depend on prevailing market conditions.

Finally, in parallel with the merger, the Board authorized a reverse stock split of 1 for 20 for the Company Class A and Class B. Ben Werkman, Chief Investment Officer, stated that the move aligns the price of the Company’s shares with more favorable levels for institutional investors and expands participation.

However, after the news, Strife’s stock faced a sharp decline. Google Finance data showed that ASST fell by almost 12%, closing at $0.97 on January 13. However, in pre-market trading, the stock was up more than 2%.

In addition stock performance, The company is also facing losses Great Unrealized in their current circumstances. His independent Bitcoin holdings are valued at approximately $738.84 million. Such unrealized loss is about 15.4%, or $135.2 million, based on recent market prices.