Strive Enters Top 10 Publicly Traded Bitcoin Holders, Pays Off Debt After Semler Acquisition
Strive has increased its Bitcoin holdings to over $1.1 billion, now ranking among the top 10 publicly traded Bitcoin holders. The company acquired 333.89 additional BTC, bringing its total to 13,131.82 BTC. Strive also paid off 92% of debt from its recent acquisition of Semler Scientific, which had 5,048 BTC, and plans to fully retire remaining debt by April. The acquisition was approved by Semler shareholders two weeks ago, and completed shortly after, combining the firms’ Bitcoin holdings. Additionally, Strive closed a 1.3 million share offering of its preferred stock SATA at $90 per share, with demand exceeding $600 million. Founded by Vivek Ramaswamy, Strive previously raised $750 million to purchase Bitcoin. Despite these actions, Strive’s stock (ASST) has fallen over 78% in six months and is down nearly 10% this week to $0.80 per share.
