Overview
- Semler shareholders approved an all-stock acquisition that would transfer 5,048.1 BTC to Strive, bringing combined holdings to about 12,797.9 BTC and, per the company, ranking it 11th among corporate holders.
- Before closing, Strive purchased 123 BTC at an average price of $91,561 for approximately $11.26 million, lifting its treasury to 7,749.8 BTC.
- The board approved a 1-for-20 reverse split of Class A and Class B shares to align the share structure with institutional investment standards.
- Strive plans to monetize Semler Scientific’s operating business within 12 months and is exploring retiring Semler’s $100 million convertible note and $20 million Coinbase loan, subject to market conditions.
- Shares fell sharply following the announcement, with intraday declines reported between roughly 13% and more than 17%.