Despite the apparent stagnation of BTC over the last few weeks, the Bitcoin Treasury sector continues to grow in what can be described as a complicated environment. This has not prevented Strive from announcing the acquisition of Semler Scientific and its stock of 5,048 BTC.
Bitcoin Treasuries: Strive acquires Semler Scientific
In the space of just one year, the number of publicly traded companies that have embarked on a Digital Asset Treasury (DAT) crypto transformation has simply exploded, following the model of the undisputed leader in the sector, Strategy, and its Bitcoin stock, which was considered highly profitable at the time.
Then the price of BTC entered a sustained downward trend, settling below the $95,000 level since November. This has destabilized some of the less solid companies, faced with a freefall in their share prices.
In this complicated context, some players seem to want to come out on top, such as Strive—co-founded by former White House candidate Vivek Ramaswamy—which is clearly determined to expand by announcing the acquisition of Bitcoin Treasury Semler Scientific. This is a first of its kind, according to its CEO, Matt Cole.
I am proud of the Strive team’s execution on behalf of our shareholders, making history with the first acquisition of a publicly traded Bitcoin treasury company. The Semler Scientific transaction will extend Strive’s benchmark return generation since the launch of our Bitcoin strategy, bringing our Bitcoin return for the first quarter of 2026 to over 15%.
Matt Cole
However, this transaction was not enough to boost the price of its ASST stock, which has fallen more than 90% since its peak last May at $13, when Strive officially announced its intention to purchase up to $500 million in BTC… and nearly 12% in the last few hours.
Strive now ahead of Tesla and Trump Media
From a more technical standpoint, this acquisition takes the form of an “all-stock transaction,” to which is added the 5,048 BTC held by Semler Scientific, currently estimated at around $480 million.
At the same time, Strive announced the purchase of an additional 123 BTC for its corporate treasury at an average price of $91,561. As a result, its total Bitcoin holdings, combined with those of Semler Scientific, now stand at 12,798 BTC, or just over $1.2 billion.
This amount allows Strive to “surpass both Tesla and Trump Media & Technology Group” in the global Bitcoin Treasuries ranking, “becoming the 11th largest institutional holder of Bitcoin.”
Following this acquisition, Strive also announced its intention to “repay Semler Scientific’s historic $100 million convertible bond and Coinbase’s $20 million loan” within the next 12 months, while remaining focused on its Bitcoin-related operations.
