Strive boosts Bitcoin holdings past 13,000 BTC after Semler acquisition

Strive has added nearly 333.9 Bitcoin to its balance sheet, pushing its total holdings to over 13,131 BTC and securing its spot as the tenth largest public company holding the bellwether cryptocurrency.

The purchase comes just weeks after Strive closed its acquisition of Semler Scientific, a move that brought 5,048 Bitcoin into its treasury and marked a sharp escalation in the firm’s pivot toward becoming a full-scale Bitcoin reserve vehicle

According to the official announcement, the latest buy, executed at an average price of $89,851, brings the value of Strive’s total Bitcoin holdings to over $1.17 billion at current prices.

Strive said its Bitcoin yield for the quarter so far stands at roughly 21.2%, referring to the growth in Bitcoin exposure per common share over the reporting period.

Alongside the acquisition, Strive also completed an upsized offering of its Variable Rate Series A Perpetual Preferred Stock, known as SATA, which drew more than $600 million in investor interest

The offering was raised to $225 million, with the proceeds used to unwind a major chunk of the debt Strive took on when it acquired Semler Scientific earlier this month.

According to the announcement, Strive has now retired $110 million of the $120 million in inherited liabilities, which includes $90 million worth of convertible notes exchanged for SATA stock and the full repayment of a $20 million Coinbase credit facility

The company said it plans to clear the remaining $10 million within four months, a move that will leave its Bitcoin holdings fully unencumbered.

The company finalized the Semler deal on Jan. 13 after shareholders approved the all-stock transaction

With the merger complete, Strive absorbed the full 5,048.1 Bitcoin previously held by Semler into its consolidated treasury

It also reiterated plans to divest or reposition Semler’s legacy healthcare diagnostics business.

It reaffirmed its preference for preferred equity over traditional debt as it looks to grow its Bitcoin-per-share footprint.

Despite the rapid balance sheet cleanup and treasury expansion, investors appeared unmoved.

ASST shares fell more than 2.2% on Wednesday, trading lower alongside several other public firms with large Bitcoin positions.

Bitcoin downtrend spells trouble for treasury stocks

Bitcoin is currently down around 30% from its record high of $126,080 in October, as risk appetite remains under pressure from macroeconomic headwinds

That backdrop has weighed on companies that leaned into Bitcoin during the last cycle, many of which saw their stock prices slide in late 2025, a trend that has largely extended into the early weeks of 2026.

Nevertheless, the downturn has not deterred Micahel Saylor led Strategy, which stands as the largest corporate holder of Bitcoin, from buying the dip.

On Jan. 26, the company announced it had acquired 2,932 Bitcoin at an average price of $90,000.

As of last check, shares for the company were down over 3.5% in the past week.

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