Strive is set to acquire Semler Scientific as it looks to expand its medical diagnosis business and build up its bitcoin reserve.

Semler shares soared 40% on the news.

Strive, the asset management bitcoin treasury company, said Monday that it will pay a 210% premium for Semler, a healthcare technology company which uses bitcoin as its primary treasury reserve asset.

The deal is equivalent to about $90.52 a share, based off Semler's trading price as of the market close on Friday. Semler's stock has been under pressure in 2025, falling by nearly 46% to $29.18 but it's still up 25% over the past 52 weeks.

The combined company will explore monetizing or distributing Semler Scientific's diagnostics business at a future date, with a new management team and expanded mandate in preventative diagnostics, it said.

Additionally, Strive said that it has acquired a large reserve of bitcoin. The company said it has paid $675 million to buy 5,816 bitcoin at $116,047 apiece.

Together as a combined company, it is expected to own over 10,900 bitcoin before any other acquisitions of the cryptocurrency, and the company said that it believes the it would become the fastest growing corporate bitcoin holder.