First-Ever Acquisition of Publicly Traded Bitcoin Company Just Compelted: Details - U.Today

History was made on January 13. Strive Enterprises (Nasdaq: ASST) officially received shareholder approval to acquire Semler Scientific (Nasdaq: SMLR). This marks the first-ever acquisition of a publicly traded Bitcoin treasury company.

The key details

The merger consolidates two massive Bitcoin stockpiles into a single entity, vaulting Strive up the global leaderboards.

As part of the deal, Strive acquires Semler’s entire treasury of 5,048.1 Bitcoin.

Strive also announced it recently purchased an additional 123 BTC for its own treasury at an average price of $91,561.

Post-acquisition, the combined company will hold 12,797.9 Bitcoin.

This total allows Strive to surpass both Tesla and Trump Media & Technology Group, officially becoming the 11th largest corporate holder of Bitcoin in the world.

Strive is moving quickly to turn Semler into a pure-play Bitcoin asset. The press release outlines a clear 12-month roadmap:

Strive intends to monetize Semler’s operating business (its medical products division) within the next year.

Proceeds will likely go toward retiring Semler’s legacy debt, specifically a $100 million convertible note and a $20 million Coinbase loan.

The company aims to simplify its corporate structure to focus exclusively on “Bitcoin operations with a simple preferred equity only amplification” model.

Strive CEO Matt Cole pointed to the financial efficiency of the deal, noting that the merger is expected to boost the company’s Q1 2026 Bitcoin yield to over 15%.

“I’m proud of the execution the Strive team has delivered… making history towards completing the first acquisition of a publicly traded Bitcoin treasury company,” Cole stated. "We are showing the market how to execute with Bitcoin.