Strive Snags Semler & 5K BTCs! ASST Stock Takes a Tumble 🤑💸

by

Well, I say, old bean, it appears that Strive Inc. (NASDAQ: ASST) has gone and done the most dashed audacious thing! They’ve announced the acquisition of Semler Scientific (NASDAQ: SMLR), and by Jove, the shareholders of Semler have given it the old thumbs up in a jolly unanimous vote. What ho! It’s all happening in an all-stock transaction deal, don’t you know. 🕴️✨

Strive Bolsters Its Bitcoin Booty with Semler’s Treasure Trove

According to the jolly announcement, Strive is set to nab a whopping 5,048 BTCs from Semler Scientific. And as if that weren’t enough, they’ve gone and snaffled an additional 123 BTCs at a cool average price of $91.5k, setting them back a mere $11.2 million. Tally-ho! Once this little caper is complete, Strive will be sitting pretty with a total of 12,797 BTCs, making them the 11th largest corporate Bitcoin holder. Top hole! 💰🚀

“What? The Semler Scientific deal, you say? Oh, it’s simply spiffing! It’ll keep Strive’s yield generation ticking along like a well-oiled clock, boosting our 2026 first quarter Bitcoin yield to over 15%. A win-win, what? Jolly good show for both Strive and Semler Scientific shareholders,” chortled Matt Cole, the Chairman and CEO of Strive, with a twinkle in his eye. 🎩💼

And it doesn’t stop there, old sport! Strive will also be monetizing Semler Scientific’s operating business, settling their $100 million convertible note, and chucking in a $20 million Coinbase loan for good measure. Quite the financial juggling act, eh? 🤹‍♂️💸

ASST Stock Takes a Header Amid BTC’s Jolly Rebound

Now, here’s the rum bit: following this grand announcement, ASST stock took a bit of a tumble, dropping over 11% on Tuesday, January 13, to trade at a mere $0.96. Blimey! But hold your horses, because this mid-cap Bitcoin treasury company has been on a bit of a tear, rallying over 130% since January 2025. Not too shabby, eh? 🏇📉

Meanwhile, Bitcoin itself has been having a bit of a renaissance, rebounding on renewed demand from institutional investors as inflation in the United States takes a breather. The flagship coin rallied a jolly 3% on Tuesday, trading at about $93.6k. What’s not to like? 🌟💹

Read More

2026-01-13 22:07