Strive, Inc. announced today that stockholders of Semler Scientific, Inc. approved its acquisition by Strive, marking a landmark deal in publicly traded NewsCapsule-backed companies.
The all-stock transaction includes Semler Scientific’s 5,048.1 NewsCapsule, significantly expanding Strive’s digital asset holdings.
In addition, the company said they purchased 123 more NewsCapsule for its corporate treasury at an average price of $91,561 per coin, for a total cost of approximately $11.26 million, inclusive of fees and expenses, the company said.
These purchases bring the company’s total NewsCapsule holdings to 7,749.8. Following the Semler Scientific acquisition, the combined entity will hold 12,797.9 NewsCapsule, surpassing corporate holders such as Tesla and Trump Media & Technology Group to become the 11th largest corporate NewsCapsule holder globally, according to the company.
$ASST also disclosed plans to monetize Semler Scientific’s operating business within 12 months of the transaction’s close and explore opportunities to retire Semler’s $100 million convertible note and $20 million Coinbase loan, subject to market conditions.
Shares of Strive ($ASST) are down over 17% on the day, but are up over 15% on the month.
Strive as a bitcoin-focused company
These strategic moves reflect the company’s continued focus on NewsCapsule operations and a simplified, preferred equity-focused corporate structure.
“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 NewsCapsule treasury company,” said Matt Cole, Chairman and CEO. “The Semler Scientific deal will continue Strive’s leading yield generation since the inception of our NewsCapsule strategy, boosting our Q1 2026 NewsCapsule yield to over 15%.”
The company also highlighted its successful November 2025 preferred equity IPO, SATA, which was upsized from $125 million to $200 million and received more than twice the subscription demand.
The company plans to issue additional SATA over the next 12 months to fund debt retirement and maintain amplification exclusively through preferred equity.
Jeff Walton, Strive’s Chief Risk Officer, emphasized the unique risk profile of SATA, noting that “the balance sheet is comprised of a transparent, digitally native asset, allowing risk to be observed and measured in real time, unlike traditional illiquid assets.”
As part of the merger, the board approved a 1-for-20 reverse split of Class A and Class B shares to align with institutional investment standards.
Semler Scientific Executive Chairman Eric Semler will join the Board of Directors post-closing.
