Vivek Ramaswamy's Strive to add over 5,000 Bitcoin in approved Semler Scientific deal

Source: CryptoNewsNet Original Title: Vivek Ramaswamy’s Strive to add over 5,000 Bitcoin in approved Semler Scientific deal Original Link:

Key Takeaways

• Strive has announced the shareholder approval for the acquisition of Semler Scientific.
• The merger elevates Strive to the 11th largest corporate Bitcoin holder, highlighting the firm’s aggressive growth strategy.

Vivek Ramaswamy-backed Strive will add more than 5,000 Bitcoin to its holdings through the acquisition of Semler Scientific, which has been approved by shareholders and is expected to close in the coming weeks.

The asset management firm holds nearly 7,750 BTC valued at over $720 million at current market prices.

Once the deal closes, the company’s Bitcoin treasury will total 12,798 BTC, surpassing major holders including Tesla and Trump Media & Technology Group. That figure would place it the 11th largest corporate holder of Bitcoin.

“I’m proud of the execution the Strive team has delivered for our shareholders, making history towards completing the first acquisition of a publicly traded Bitcoin treasury company,” said Matt Cole, Chairman and CEO of Strive.

Cole added that the deal boosted Strive’s Q1 2026 Bitcoin yield to over 15% and described the approach as “showing the market how to execute with Bitcoin as your hurdle rate.”

Strive aims to monetize Semler Scientific’s operational business and tackle its existing debts, reshaping its focus exclusively on Bitcoin operations and preferred equity.

The company also announced a 1-20 reverse stock split for the post-merger entity and outlined plans to expand its preferred equity issuances.

Shares of Strive fell approximately 13% intraday, falling below the $1 mark after the announcement.