News
  • Steve Muchoki
    author-profile
    Steve Muchoki right arrow
    Author

    Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

    • 1 minute read

    Strive To Acquire Semler Scientific and Its 5K BTCs, ASST Stock Down 11% 

    Story Highlights
    • Semler Scientific shareholders approved the company’s sale to Strive via an all-stock transaction.

    • Strive has increased its Bitcoin holdings to around 12.8k, thus becoming the 11th largest corporate BTC holder.

    • ASST stock dropped 11% while BTC price edged 3% higher today.

    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.

    Trust with CoinPedia:

    CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

    Investment Disclaimer:

    All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

    Sponsored and Advertisements:

    Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

    Show More

    Related Articles

    Back to top button