{"id":89184,"date":"2025-09-23T12:37:56","date_gmt":"2025-09-23T09:37:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89184"},"modified":"2025-09-23T12:44:43","modified_gmt":"2025-09-23T09:44:43","slug":"strive-to-acquire-semler-scientific-to-bolster-its-bitcoin-strategy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/strive-to-acquire-semler-scientific-to-bolster-its-bitcoin-strategy\/","title":{"rendered":"Strive to acquire Semler Scientific to bolster its bitcoin strategy"},"content":{"rendered":"

Strive Asset Management, linked to entrepreneur Vivek Ramaswamy, has signed<\/a> a definitive agreement to acquire Semler Scientific. The company intends to build one of the largest corporate bitcoin reserves, exceeding 10,900 BTC.<\/p>\n

Under the terms of the deal, each Semler share will convert into 21.05 Strive Class A shares. That implies a 210% premium to the share price as of September 19.<\/p>\n

The holding will continue under Strive\u2019s current leadership. Semler\u2019s chairman, Eric Semler, will join the board of the new structure.<\/p>\n

Ramaswamy\u2019s firm also said it purchased 5,816 BTC for $675m at an average price of $116,047, lifting its holdings to 5,886 BTC. Together with the 5,000 BTC on Semler\u2019s balance sheet, the combined company would manage 10,900 BTC worth $1.2bn.<\/p>\n

That would place Strive 11th among corporate holders of the first cryptocurrency.<\/p>\n

\"image\"
Top 20 largest bitcoin holders among public companies. Source: BitcoinTreasuries<\/a>. <\/figcaption><\/figure>\n

At the time of writing, firms had accumulated about 1m BTC ($110.6bn) \u2014 4.6% of the total supply of digital gold. The largest holder remains Strategy, with 638,985 BTC worth $72.3bn.<\/p>\n

Ethereum treasuries<\/h2>\n

On September 22, ETHZilla announced<\/a> a convertible debenture offering to raise $350m. Proceeds will be used to buy Ethereum and invest in the blockchain ecosystem.<\/p>\n

Chief executive McAndrew Rudisill said the strategy envisages placing the second-largest cryptocurrency into yield-bearing assets in the network via layer-2 solutions<\/a> and RWA<\/a> projects.<\/p>\n

\n

\u201cOur business model has significant scaling potential, fixed operating leverage and consistently positive cash flow,\u201d he said.<\/p>\n<\/blockquote>\n

The firm has already earned 1.5m unnamed tokens through participation in the ecosystem of the second-largest cryptocurrency.<\/p>\n

Including a previous $156.5m raise, ETHZilla\u2019s total funding would exceed $506m. If all proceeds are directed to Ethereum purchases, the company could add 120,000 coins to its current 102,000 ETH.<\/p>\n

\"image\"
Top 10 Ethereum holders among public companies. Source: Strategic ETH Reserve<\/a>. <\/figcaption><\/figure>\n

BitMine Immersion Tech remains in the lead, holding more than 2.4m ETH worth $10bn \u2014 2% of the asset\u2019s supply. The company plans to accumulate 5%.<\/p>\n

Avalanche and Solana<\/h2>\n

The Nasdaq-listed AgriFORCE Growing Systems Ltd. will undergo<\/a> a rebrand to AVAX One.<\/p>\n

The firm intends to build a position in Avalanche<\/a> of more than $700m. In its first private share placement, AVAX One has already raised $300m.<\/p>\n

The structure is backed by Galaxy Digital, Kraken, ParaFi and Digital Currency Group. The board includes Anthony Scaramucci of SkyBridge Capital and Brett Tejpaul of Coinbase Institutional.<\/p>\n

On the news, AVAX posted the biggest daily gain among the largest cryptocurrencies, rising more than 14% to $35.28.<\/p>\n

\"image\"
Hourly AVAX\/USDT chart on Binance. Source: TradingView<\/a>. <\/figcaption><\/figure>\n

Meanwhile, Helius Medical Technologies announced<\/a> its first purchase of Solana<\/a> as part of building a digital treasury. The firm bought 760,190 SOL at an average price of $231 per token.<\/p>\n

Earlier in September, Helius said<\/a> it had raised $500m led by Pantera and Summer Capital. The company plans to gradually increase its position in the cryptoasset over the next 12\u201324 months and \u201cexplore opportunities for staking<\/a> and DeFi<\/a>\u201d. <\/p>\n

At the time of writing, nine public companies had already accumulated 3% of Solana\u2019s total supply. The largest holder is Forward Industries, which manages 6.8m SOL worth $1.5bn.<\/p>\n

On September 17, the firm filed<\/a> a prospectus with the SEC<\/span>, disclosing plans to sell $4bn of stock. Proceeds will also go towards bolstering its crypto treasury.<\/p>\n

\"image\"
Source: CoinGecko<\/a>. <\/figcaption><\/figure>\n

On September 2, the Dogecoin Foundation\u2019s official corporate structure \u2014 House of Doge Inc. \u2014 announced<\/a> the creation of an official treasury based on the memecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"

Strive Asset Management has signed an agreement to acquire Semler Scientific. The company aims to build one of the largest bitcoin treasuries.<\/p>\n","protected":false},"author":1,"featured_media":89185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The firm aims to build one of the largest corporate bitcoin treasuries","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1413,18,46,1159],"class_list":["post-89184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax","tag-bitcoin","tag-ethereum","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"239","promo_type":"1","layout_type":"1","short_excerpt":"The firm aims to build one of the largest corporate bitcoin treasuries","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89184"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89184\/revisions"}],"predecessor-version":[{"id":89186,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89184\/revisions\/89186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89185"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}