Strive Completes Acquisition, Becomes 11th Largest Bitcoin Holder

Strive, Inc. completed its acquisition of Semler Scientific, becoming the 11th largest Bitcoin holder globally with 12,797.9 BTC, appointing new leadership roles announced today.

The move positions Strive prominently in Bitcoin treasury management, potentially impacting its financial strategy and market standing amid volatile cryptocurrency landscapes.

Strive Inc. Climbs to 11th Largest Bitcoin Holder

Strive Inc. (Nasdaq: ASST) completed the all-stock acquisition of Semler Scientific, adding 5,048.1 BTC from Semler to its holdings. The combined entity now ranks 11th among public companies in BTC ownership, marking a significant entry in the crypto finance landscape.

The merger introduces notable leadership changes: Avik Roy, former board member, is appointed Chief Strategy Officer. Former Semler Executive Chairman Eric Semler joins as an independent director, and Joe Burnett assumes the role of Vice President of Bitcoin Strategy at Strive.

“If there were any specific statements or quotes made by the individuals mentioned, it might typically be included in a press release or financial disclosure document.”

Bitcoin’s Role in Corporate Treasury Decisions

Did you know? With the Semler Scientific acquisition, Strive’s Bitcoin holdings experienced a considerable increase, reflecting a growing trend among public companies to adopt BTC as a key treasury asset.

According to CoinMarketCap, Bitcoin (BTC) is currently priced at $95,407.12 with a market cap of $1.91 trillion and dominates 59.05% of the market. Recent price fluctuations show a 1.59% decline over 24 hours, though there was a 5.63% increase over the past seven days.

Coincu’s research team highlights potential financial outcomes reflecting a strengthened position for Strive in the digital asset market. Regulatory responses remain uncertain, with no current institutional policy shifts impacting similar acquisitions. Analysts continue to evaluate market reactions.