The post Strive To Acquire Semler Scientific and Its 5K BTCs, ASST Stock Down 11% appeared first on Coinpedia Fintech News
Strive Inc. (NASDAQ: ASST) has announced the acquisition of Semler Scientific (NASDAQ: SMLR). The shareholders of Semler Scientific voted unanimously to approve its sale to Strive in an all-stock transaction deal.
Strive Increases Bitcoin Holdings Via Acquisition of Semler Scientific
According to the announcement, Strive will acquire 5,048 BTC from Semler Scientific. Strive also acquired an additional 123 BTCs at an average price of $91.5k, for a total of $11.2 million.
Once the acquisition of Semler Scientific is complete, Strive will hold a total of 12,797 BTCs. As such, Strive will be the 11th largest corporate Bitcoin holder.
“The Semler Scientific deal will continue Strive’s leading yield generation since the inception of our Bitcoin strategy, boosting our 2026 first quarter Bitcoin yield to over 15%, and is a win for both Strive and Semler Scientific shareholders,” Matt Cole, Chairman and CEO of Strive, stated.
Further, Strive will monetize Semler Scientific’s operating business. Additionally, the company will settle Semler Scientific $100 million convertible note and $20 million Coinbase loan.
ASST Stock Dump Amid BTC Rebound
Following the announcement, ASST stock dropped over 11% on Tuesday, January 13, to trade at about $0.96 at press time. However, the mid-cap Bitcoin treasury company recorded an impressive growth in 2025 and year-to-date, whereby its stock has rallied over 130% since January 2025.
Meanwhile, Bitcoin price has rebounded on renewed demand from institutional investors amid easing inflation in the United States. The flagship coin rallied around 3% on Tuesday to trade at about $93.6k at press time.