Overview
- The acquisition closed on January 16, converting each Semler Scientific share into 21.05 Strive Class A shares as Semler’s Nasdaq listing was suspended and delisted.
- Strive now holds approximately 12,797.9 BTC, ranking No. 11 among public corporate holders and surpassing Tesla and Trump Media.
- Strive named Avik Roy chief strategy officer, appointed Joe Burnett vice president of Bitcoin strategy, and added former Semler chairman Eric Semler to its board.
- Management outlined a preferred‑equity financing approach and signaled plans to monetize Semler’s healthcare operations.
- Shares trade near Bitcoin NAV, with a market cap around $1.19 billion, enterprise value about $1.44 billion, and an EV/NAV multiple near 1.18x; a January tranche added over 5,000 BTC at roughly $95,524 each, putting the average cost near $105,979.