ByCoinGape
Stive:- In a major update for the awaited Bitcoin treasury, a planned shareholder vote on Jan. 13 will determine whether Semler Scientific and Strive move forward with a merger.
If approved, would fold Semler’s assets into Strive’s bitcoin-first business and leave the combined entity holding roughly 13,000 BTC. This is a hoard that could place the firm among the largest public companies to adopt Bitcoin as a strategic reserve.
The transaction was first announced in September 205 as an all-stock combination. The merger pairs Strive, the bitcoin-treasury vehicle co-founded by Vivek Ramaswamy, with Semler, a smaller public company that also holds Bitcoin and runs a health-diagnostics business.
Under terms disclosed to investors, Strive committed to large bitcoin purchases that would markedly expand the combined treasury.
While earlier regulatory filings and reporting said the deal plus planned purchases would lift combined holdings above 10,900 BTC but now its founder cited a post-merger total approaching 13,000 BTC.
Semler’s founder Eric Semler has been publicly urging shareholders to back the transaction ahead of the special meeting. Under the merger, $SMLR stockholders will receive 21.05 shares of $ASST per Semler share.
In a recent X post, he framed the vote as a turning point that would accelerate Semler’s transition into a crypto-heavy strategic reserve company. Eric said it will broaden the combined firm’s access to capital markets under Strive’s corporate structure.
To all Semler Scientific stockholders — we encourage you to vote FOR our proposed merger with Strive. Voting is open now and the Special Meeting to approve the merger is on Jan. 13. $SMLR stockholders will receive shares in $ASST at an exchange ratio of 21.05x in the merger.… pic.twitter.com/SHNkXlE6i3
— Eric Semler (@SemlerEric) December 29, 2025
The deal comes as both stocks remain under the market spotlight. Strive’s shares have fluctuated near the ~$0.85–$1.08 range recently amid heightened trading while Semler’s shares have seen pressure relative to implied acquisition value.
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While Semler founder have claimed so but it would technically be a “No”.
Even with a post-merger bitcoin treasury approaching 13,000 BTC, the combined Semler–Strive entity would still fall short of the top five largest public-company Bitcoin holdings.
That leadership is currently dominated by companies with far larger treasuries, such as Strategy (formerly MicroStrategy) with roughly 636,505 BTC, MARA Holdings (Marathon Digital) at around 50,639 BTC.
The other spots are followed by Twenty One Capital (XXI) holding about 43,514 BTC, Metaplanet at 25,102 BTC and Bitcoin Standard Treasury Company with around 30,021 BTC. These are all materially above 13,000 BTC.
Thus, at 13,000 BTC, the merged company would likely rank nearer the lower end of the public top-10, not inside the top five. But the merger would be a significant win for Strive’s treasury operations.
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Sneha Agrawal 
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