Shareholders of healthcare technology firm Semler Scientific have approved its all-stock acquisition by Strive Inc., a move that will create one of the largest publicly traded holders of Bitcoin. Despite the strategic significance of amassing a $1.1 billion treasury reserve, the market reaction has been sharply negative, with shares in both Nasdaq-listed companies plunging by double-digit percentages. This deal underscores the volatile intersection of traditional corporate finance and aggressive cryptocurrency adoption.
about Strive to Become 11th-Largest Public Bitcoin Holder After Semler Deal
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Semler Scientific Sued Over Strive Merger Disclosure
A shareholder lawsuit has thrown Semler Scientific’s proposed merger with Bitcoin-focused Strive into legal jeopardy, alleging the healthcare technology company provided materially misleading financial information about the transaction’s fairness. Plaintiff Terry Tran’s federal complaint targets both the company and its board of directors for securities law violations, claiming shareholders are being asked to vote on a merger without adequate disclosure of the financial impacts of combining with the Vivek Ramaswamy-led firm that recently transformed from an asset manager into a Bitcoin treasury company.
about Semler Scientific Sued Over Strive Merger DisclosureStrive’s $1.34B Semler Deal Creates 12th-Largest Bitcoin Holder
In a landmark deal that signals deepening institutional adoption of digital assets, Strive Inc. has acquired Semler Scientific in a $1.34 billion all-stock transaction, catapulting the combined entity into the ranks of the world’s largest corporate Bitcoin holders. The merger creates a formidable treasury of over 10,900 BTC, valued at approximately $1.2 billion, and establishes a new leader in the equity-funded Bitcoin reserve strategy, avoiding the pitfalls of debt-financed accumulation. This move underscores a significant shift in corporate treasury management, echoing the pioneering strategy of MicroStrategy but with a distinct focus on equity-based growth.
about Strive's $1.34B Semler Deal Creates 12th-Largest Bitcoin HolderMicrostrategy Stock Declines Amid Bitcoin Price Correction and Capital Concerns
Shares of Strategy, formerly MicroStrategy, have dropped 16% year-to-date amid a Bitcoin correction, raising concerns about the sustainability of its aggressive Bitcoin acquisition strategy. Despite this, analysts remain optimistic, with Benchmark raising the price target to $650, citing confidence in the company’s ability to raise capital for further Bitcoin purchases. Since 2020, Strategy has invested over $33 billion in Bitcoin, primarily through stock issuance and convertible debt, with minimal debt maturities until 2027, reducing liquidation risks.
about Microstrategy Stock Declines Amid Bitcoin Price Correction and Capital ConcernsTesla Gains from New Bitcoin Accounting Rule While MicroStrategy Faces Tax Risks
Tesla reported a $600 million profit from its bitcoin holdings, accounting for over 26% of its fourth-quarter profits, thanks to a new accounting rule allowing mark-to-market valuation of crypto assets. In contrast, MicroStrategy faces potential billions in taxes on unrealized gains due to the same rule, which could subject it to a 15% tax under the Corporate Alternative Minimum Tax starting in 2026. This shift in accounting standards may impact other companies following MicroStrategy’s bitcoin investment strategy.
about Tesla Gains from New Bitcoin Accounting Rule While MicroStrategy Faces Tax RisksFathom Holdings to Invest in Bitcoin and Accept It from Customers
Fathom Holdings (NASDAQ: FTHM), a real estate tech firm, plans to allocate up to half of its excess cash reserves to Bitcoin, with intentions to accept it for customer purchases in the future. This move follows a trend among Nasdaq-listed companies, inspired by MicroStrategy, which holds over $47 billion in Bitcoin. Fathom’s stock rose approximately 5% following the announcement.
about Fathom Holdings to Invest in Bitcoin and Accept It from CustomersPublic Companies Embrace Bitcoin as Treasury Reserve Asset Strategy
MicroStrategy’s successful Bitcoin acquisition strategy has inspired over 70 publicly traded companies to adopt similar treasury reserve plans. Notable firms like Tesla, Block, Rumble, LEEF Brands, Semler Scientific, and Banzai are now stockpiling Bitcoin, reflecting a growing trend in corporate investment in the cryptocurrency. As Bitcoin’s value remains high, these companies are positioning themselves to benefit from its long-term growth potential.
about Public Companies Embrace Bitcoin as Treasury Reserve Asset Strategy