Semler Scientific rises on buyout deal with Ramaswamy-backed Strive

ReutersSep 22, 2025 3:58 PM

Shares of bitcoin hoarder Semler Scientific SMLR.O rise 7.8% to $31.45

Strive ASST.O, co-founded by biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, will buy SMLR in an all-stock deal

Deal comes as ASST looks to expand its holdings of the world's largest cryptocurrency

SMLR shareholders will receive 21.05 shares of Strive for each share held, valuing Semler at $90.52 apiece, a premium of roughly 210% premium to the last close

Deal comes just days after Strive completed its merger with Asset Entities as part of its plan to launch a publicly-listed bitcoin treasury company

As of last close, SMLR down 46% while ASST up 776.7%, YTD

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