Asset manager Strive has completed its acquisition of Semler Scientific, a healthcare technology company, uniting two publicly traded bitcoin treasuries in the United States.

The transaction, unanimously approved by the directors of both companies, creates an entity that controls 10,906 BTC, positioning it as the twelfth largest company with reserves of this currency, surpassing Hut 8 Mining Corp, which holds 10,667 BTC.

The all-stock deal values ​​each Semler share at $90.52. Strive plans to explore options to monetize or distribute Semler's diagnostics business, which the company described as historically profitable, according to a statement.

Companies like Strive have adopted a long-term Bitcoin accumulation strategy, similar to the one implemented by Michael Saylor with Strategy, which owns the largest BTC treasury in the world with 639,835 BTC. What was initially a defensive measure against inflation has evolved into a growth and reserve diversification strategy adopted by companies globally.

100 publicly traded companies with the most bitcoin. Source: bitcointreasuries.

Following the merger, Strive's management and board of directors will continue in their roles, and Eric Semler, CEO of Semler Scientific, is expected to join the board of directors of the combined entity.

“This transaction demonstrates how we can increase our bitcoin holdings and bitcoin share value at an industry-unprecedented pace to drive share appreciation,” said Matt Cole, Strive’s president and CEO.

The company has strengthened its board of directors with the addition of digital asset industry veterans such as Shirish Jajodia of Strategy, Ben Werkman of Swan, Pierre Rochard of The Bitcoin Bond Company, James Lavish of The Bitcoin Opportunity Fund, and Avik Roy of FREOPP, reinforcing its strategy based on the accumulation of digital currency.