Try has obtained shareholder approval to accumulate Semler Scientific in an all-stock transaction. It will push the mixed agency to develop into the eleventh largest company hodler of Bitcoin (BTC).
Nevertheless, the market response to the merger has been tepid, with Try’s inventory (ASST) falling almost 12% on Tuesday.
Try Expands Bitcoin Treasury With Semler Scientific Deal
The voting course of for the acquisition commenced in late December 2025, with a particular assembly scheduled for January 13 to approve the merger. As introduced within the press launch, Semler Scientific shareholders voted in favor of the deal. It will switch possession of 5,048.1 Bitcoin to Try.
Sponsored
Sponsored
Try additionally disclosed that it lately bought an extra 123 Bitcoin at a mean worth of $91,561 per coin. This brings its standalone holdings to 7,749.8 Bitcoin. With the acquisition, the mixed entity is predicted to carry 12,797.9 Bitcoin.
This may place the corporate among the many largest company Bitcoin holders globally, surpassing each Tesla and Trump Media & Know-how Group. The agency would rank because the eleventh largest company holder of Bitcoin, carefully trailing CleanSpark, which holds 13,099 BTC.
“The Semler Scientific deal will continue Strive’s leading yield generation since inception of our Bitcoin strategy, boosting our 2026 1st quarter Bitcoin yield to over 15%, and is a win for both Strive and Semler Scientific shareholders. We are showing the market how to execute with Bitcoin as your hurdle rate,” Try’s CEO Matt Cole stated.
Moreover, following the completion of the transaction, Eric Semler, Govt Chairman of Semler Scientific, will be a part of Try’s board of administrators. Cantor Fitzgerald is appearing because the monetary advisor to Try, with Davis Polk & Wardwell serving as authorized counsel. In the meantime, LionTree Advisors and Goodwin Procter are advising Semler Scientific.
Past increasing its Bitcoin reserves, Try additionally plans to monetize Semler’s working enterprise inside 12 months of the transaction shut and consider choices to retire the corporate’s present debt obligations.
This features a $100 million convertible notice and a $20 million mortgage from Coinbase. These initiatives will rely on prevailing market circumstances.
Lastly, in parallel with the merger, the board licensed a 1-for-20 reverse inventory cut up for the mixed firm’s Class A and Class B frequent shares. Ben Werkman, Chief Funding Officer, said that the transfer aligns the corporate’s share worth to ranges extra appropriate for institutional traders and broadens participation.
Try Inventory Efficiency. Supply: Google Finance
In addition to inventory efficiency, the corporate additionally faces substantial unrealized losses on its present holdings. Its standalone Bitcoin holdings are valued at round $738.84 million. This represented an unrealized lack of roughly 15.4%, or $135.2 million, based mostly on current market costs.
