Strive completes Semler Scientific acquisition, holds 12,798 bitcoin

Strive Inc. (NASDAQ: ASST) announced the completion of its acquisition of Semler Scientific, according to a company statement released January 16.

The acquisition gives Strive approximately 12,797.9 bitcoin, making it the 11th largest public corporate holder of the cryptocurrency globally, the company said.

Strive appointed Avik Roy as Chief Strategy Officer. Roy will focus on expanding Semler Scientific's early disease detection products business. Roy previously worked at Bain Capital focusing on biotech companies, served as President and CEO of the National Institute for Health Care Management, and worked as an institutional investor at J.P. Morgan in biotechnology and healthcare. He also serves as a Senior Fellow at the Bitcoin Policy Institute.

Eric Semler, former chairman and Executive Chairman of Semler Scientific, joined Strive's board as an independent member. Joe Burnett, previously director of Bitcoin Strategy for Semler Scientific, joined Strive as VP of Bitcoin Strategy.

Strive describes itself as a publicly traded asset management Bitcoin treasury company focused on increasing Bitcoin per share. Its subsidiary, Strive Asset Management LLC, manages over $2 billion in assets after launching its first ETF in August 2022.

Semler Scientific develops medical devices and software for chronic disease detection. The company's flagship product, QuantaFlo, provides point-of-care testing to measure arterial blood flow and aids in diagnosing peripheral arterial disease. The product is patented and cleared by the U.S. Food and Drug Administration.

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