Vivek Ramaswamy Archives

Strive Inc., the Bitcoin-focused asset manager led by former presidential candidate Vivek Ramaswamy, has announced plans to acquire Semler Scientific in an all-stock deal that will vault the combined company into the upper ranks of corporate Bitcoin holders. Good to know Semler shareholders will receive 21.05 Strive Class A shares for each Semler share, a 210% premium. Strive has purchased 5,816 Bitcoin worth about $675 million, raising its total holdings to 5,886 BTC. The merger pushes the combined company’s Bitcoin reserves to more than 10,900 BTC, ranking 12th among public holders. The transaction announced Monday grants Semler investors Strive stock instead of cash. The exchange ratio values Semler shares at more than double their pre-deal price, giving shareholders a significant premium. The acquisition aligns two companies that have both turned to Bitcoin as their treasury reserve asset. Semler began adopting Bitcoin in 2024, while Strive only entered the space this year. Strive revealed it had just completed a major purchase of 5,816 Bitcoin for $675 million, lifting its treasury from a modest 70 BTC to nearly 6,000. With Semler’s existing reserves, the combined entity now controls over 10,900 BTC. That figure places it ahead of Hut 8 Mining, Block Inc., and Galaxy Digital in terms of public company Bitcoin ownership. Semler Scientific, originally a health-tech firm, shifted its treasury approach in 2024 by making Bitcoin its primary reserve asset. Despite reporting a 43% year-over-year revenue drop in its latest earnings, the company still delivered net income of $66.9 million. Strive, meanwhile, announced its Bitcoin treasury strategy in May alongside plans to go public via a reverse merger. For Ramaswamy, the move signals a push to turn Strive into a recognized name in corporate Bitcoin adoption.

Vivek Ramaswamy

trive to Acquire Semler Scientific Creating Major Bitcoin Treasury Holder

Strive Moves to Acquire Bitcoin Claims from Mt. Gox

Vivek Ramaswamy Presents Crypto Policy Framework Plans at Messari’s Mainnet Conference