Overview

• Semler shareholders are set to receive 21.04 Strive Class A shares per Semler share, valuing Semler at about $90.52 per share and roughly $1.34 billion.
• Strive disclosed a purchase of 5,816 Bitcoin for $675 million at an average price of $116,047, bringing its own holdings to approximately 5,886 BTC.
• The combined company would control more than 10,900 BTC, placing it among the largest corporate Bitcoin treasuries globally, around 12th by current rankings.
• Strive’s leadership and board will remain in place, with Semler Scientific executive chairman Eric Semler joining the combined board.
• The company plans to fund future Bitcoin purchases with a “preferred equity only” model and will evaluate monetization or repositioning of Semler’s diagnostics business.