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Strive, Inc. Announces Shareholder Approval for Semler Scientific Acquisition, Bitcoin Holdings Update, and Reverse Stock Split
ASST
M&A
Proxy Vote Outcomes
Convertible Preferred Issuance
- Strive, Inc. (ASST) announced that Semler Scientific (SMLR) stockholders approved its acquisition by Strive, with the transaction expected to close on or about January 16, 2026.
- As part of the all-stock transaction, Strive will acquire Semler Scientific's 5,048.1 Bitcoin. Additionally, Strive recently purchased 123 Bitcoin for $11,264,000, bringing its total holdings to 7,749.8 Bitcoin. Upon completion of the acquisition, the combined company will hold 12,797.9 Bitcoin, making it the 11th largest corporate holder.
- The board approved a 1-20 reverse stock split for the Class A and Class B common stock of the combined company to align its share price with institutional participation standards.
- Strive intends to monetize Semler Scientific's operating business and pursue opportunities to retire Semler Scientific's $100 million convertible note and $20 million Coinbase loan within 12 months of the transaction close.
2 days ago
Strive Shareholders Approve Semler Scientific Acquisition
ASST
M&A
Proxy Vote Outcomes
Convertible Preferred Issuance
- Strive, Inc. shareholders have approved the all-stock acquisition of Semler Scientific, Inc., which includes acquiring Semler Scientific's 5,048.1 Bitcoin.
- Following the acquisition and Strive's recent purchase of 123 additional Bitcoin, the combined company will hold 12,797.9 Bitcoin, positioning it as the 11th largest corporate holder.
- Strive intends to monetize Semler Scientific's operating business and pursue opportunities to retire its $100 million convertible note and $20 million Coinbase loan within 12 months of the transaction close.
- A 1-20 reverse stock split for the Class A and Class B common stock of the combined company has been approved to align the share price with institutional participation standards.
2 days ago
Strive, Inc. Announces Acquisition of Semler Scientific, Inc.
ASST
M&A
Accounting Changes
New Projects/Investments
- Strive, Inc. (ASST) has entered into an Agreement and Plan of Merger to acquire Semler Scientific, Inc. (SMLR), with Strive being deemed the accounting acquirer.
- Pursuant to the merger agreement, each share of Semler common stock will be converted into the right to receive 21.05 shares of Strive Class A common stock.
- The estimated purchase price consideration for the Semler Merger is $471,739,943, based on 318,743,205 shares of Strive Class A common stock to be issued to Semler stockholders at a price of $1.48 per share.
- Unaudited pro forma combined consolidated financial statements are included, reflecting the merger as if it occurred on January 1, 2024, for statements of operations, and on September 30, 2025, for the balance sheet.
Nov 14, 2025, 9:23 PM
Strive, Inc. Announces Third Quarter 2025 Financial Results
ASST
Earnings
M&A
Convertible Preferred Issuance
- Strive, Inc. reported a GAAP net loss of $192.3 million, or $0.22 per diluted common share, for the period from September 12, 2025 to September 30, 2025. The non-GAAP adjusted net loss for the same period was $13.0 million, or $0.01 per diluted common share.
- As of September 30, 2025, the company held 5,886 Bitcoin with a fair value of $672.9 million. By November 7, 2025, the reported holdings increased to 7,525 Bitcoin.
- The company consummated the reverse acquisition of Asset Entities Inc. and concurrently raised $762.6 million through PIPE financing and warrant exercises through September 30, 2025.
- Strive announced an agreement to acquire Semler Scientific, Inc. in an all-stock transaction.
- On November 10, 2025, Strive completed a registered public offering of 2,000,000 shares of its Variable Rate Series A Perpetual Preferred Stock, generating net proceeds of approximately $149.3 million.
Nov 14, 2025, 9:04 PM
Strive, Inc. Announces Bitcoin Acquisition and Increased Holdings
ASST
New Projects/Investments
Convertible Preferred Issuance
- Strive, Inc. purchased approximately 1,567.2 bitcoin for a total of $161,912,220 between October 28, 2025, and November 9, 2025, at an average price of $103,315.46 per bitcoin.
- This acquisition was financed using net proceeds from the issuance of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock and proceeds from warrant exercises.
- Following these transactions, Strive's total bitcoin holdings increased to approximately 7,525 bitcoin, with a total acquisition cost of $853,218,300 and an average acquisition price of $113,384.18 per bitcoin.
Nov 10, 2025, 2:39 PM
Strive Announces Proposed Initial Public Offering of Preferred Stock
ASST
Dividends
New Projects/Investments
- Strive, Inc. announced its intent to conduct an initial public offering of 1,250,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock), subject to market and other conditions.
- The company intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and bitcoin-related products, working capital, the purchase of income-generating assets, capital expenditures, share repurchases, and/or debt repayment.
- The SATA Stock will have a stated amount of $100 per share and will pay cumulative dividends monthly in arrears, beginning December 15, 2025, at an initial annual rate of 12.00%. Strive intends to establish a dividend reserve equal to the first 12 months of dividend payments by depositing $12.00 per share from existing cash.
- Strive will have the right to redeem the SATA Stock at $110 per share (or higher) plus accumulated dividends, once listed on The Nasdaq Global Market, The Nasdaq Global Select Market, or The New York Stock Exchange. The initial liquidation preference of the SATA Stock will be $100 per share.
Nov 3, 2025, 1:44 PM
Strive, Inc. receives proceeds from warrant exercises and increases Bitcoin holdings
ASST
New Projects/Investments
- On October 27, 2025, Strive, Inc. received approximately $8,259,999 in aggregate gross proceeds from the exercise of traditional warrants.
- These proceeds were utilized to purchase approximately 72.3 bitcoin at an average price of approximately $114,303.77 per bitcoin.
- Following this transaction, Strive's total bitcoin holdings increased to approximately 5,957.9 bitcoin, with an average acquisition price of $116,032.67 per bitcoin.
- The company believes these warrant exercises strengthen its balance sheet and reflect continued investor confidence.
Oct 28, 2025, 11:04 AM
Strive, Inc. Appoints Ben Werkman as Chief Investment Officer
ASST
Management Change
Board Change
New Projects/Investments
- Strive, Inc. has appointed Ben Werkman as its Chief Investment Officer (CIO), effective October 5, 2025, to lead the company's investment strategy and advance its Bitcoin initiatives.
- Mr. Werkman brings extensive experience in corporate Bitcoin strategy and institutional finance, having previously served as CIO at Swan Bitcoin and founded a Bitcoin treasury advisory firm.
- In connection with his new executive role, Mr. Werkman resigned from Strive's Board of Directors and its committees, transitioning to a board observer position.
Oct 6, 2025, 11:04 AM
Strive, Inc. Details Pending All-Stock Acquisition of Semler Scientific
ASST
M&A
Accounting Changes
Guidance Update
- Strive, Inc. entered into an all-stock Merger Agreement with Semler Scientific, Inc. on September 22, 2025, which was unanimously approved by both boards of directors on September 21, 2025.
- Strive is designated as the accounting acquirer for the merger, with an estimated preliminary purchase price consideration of $1,441,536,300.
- The merger is subject to various closing conditions, including Semler Scientific stockholder approval and antitrust clearance from governmental authorities.
- Strive anticipates the merger to be accretive to its forecasted earnings per share beginning in the first full calendar year after closing.
Sep 24, 2025, 12:21 AM
Strive, Inc. Enters Merger Agreement with Semler Scientific, Inc.
ASST
M&A
- Strive, Inc. entered into an Agreement and Plan of Merger with Semler Scientific, Inc. on September 22, 2025.
- The Board of Directors of Strive, Inc. unanimously approved the merger and recommended it to stockholders, with the merger requiring the affirmative vote of a majority of outstanding shares for approval.
- As of September 12, 2025, Strive, Inc. had 364,825,582 shares of Class A Common Stock and 248,911,654 shares of Class B Common Stock outstanding.
- Until the merger's effective time or termination, Strive, Inc. is subject to covenants, including restrictions on M&A activities, capital expenditures, and asset dispositions, with certain exceptions such as acquisitions of Bitcoin consistent with its investment policy.
Sep 22, 2025, 9:30 PM
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