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SMLR News
SMLR Events
Strive Completes Acquisition of Semler Scientific
Strive (ASST) announced the completion of the previously announced acquisition of Semler Scientific (SMLR). Strive now holds approximately 12,797.9 bitcoin, becoming the #11 largest public corporate holder of bitcoin globally. Strive also announces the appointment of Avik Roy as Chief Strategy Officer of Strive. Mr. Roy's initial focus will be on Strive's intentions to monetize the operating business from the Semler Scientific subsidiary by expanding its mandate in early disease detection products. Mr. Roy was previously an independent board member of Strive and will step down from that position to join the company in a full-time capacity and serve as a board observer for the company. Eric Semler, former chairman and Executive Chairman of Semler Scientific, has joined as an independent board member of Strive. Joe Burnett, previously director of Bitcoin Strategy for Semler Scientific, has joined Strive as VP of Bitcoin Strategy.
Wall Street Remains Bullish on Strategy Despite Stock Price Drop
Wall Street maintains a bullish outlook on Strategy despite recent volatility, while bitcoin miners increasingly diversify into artificial intelligence to offset sector headwinds. New data reveals a structural maturation in the asset class, that bitcoin settlement volumes have surpassed major credit card networks, and institutional funds now control nearly 7% of the total supply. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio, Also, subscribe to ourfor the Crypto Fly By weekly recap.ANALYSTS RETAIN CONVICTION IN STRATEGY DESPITE PULLBACK:Despite a punishing 60% drop in share price that wiped out $73B in value, Wall Street analysts are refusing to quit on Strategy., 15 of the 19 analysts covering the bitcointreasury firm maintain buy ratings, with a median price target of $485, implying a potential 150% upside. The bullish thesis relies on a rebound in bitcoin prices boosting the company's massive holdings. Analysts note the upside potential stands out even compared to high-growth firms like Viking Therapeuticsand Aurora Innovation. However, S&P Globalrecently assigned the firm a junk credit rating, and some analysts see competition from new digital asset treasuries diluting Strategy's premium.MINERS FACE "CRYPTO WINTER" SQUEEZE AS AI PIVOT GAINS URGENCY:A severe downturn has pushed bitcoin miners to the brink of unprofitability, prompting an urgent acceleration toward artificial intelligence infrastructure to ensure survival., a record low "hash price" has left total expenses exceeding revenue for most public operators, with the break-even cost for many firms climbing well above bitcoin's recent trading level of approximately $92,000. The divergence has forced a fundamental shift in the sector; while companies face a "grim" Q4 in mining, firms like IREN (IREN) have seen shares surge fourfold this year by securing high-performance computing contracts. As H.C. Wainwright notes, investor interest has effectively decoupled from bitcoin production, rewarding only those miners like Bitfarmsand Core Scientificthat are successfully converting power capacity into data centers for hyperscalers like Microsoftand Google.BITCOIN FLIPS VISA VOLUME, STRIVE AND KINDLYMD TAP MARKETS FOR CAPITAL:Bitcoin is cementing its role as a global settlement layer. Over the last 90 days, the network processed $6.9T in settlement volume, surpassing both Visa's$4.25T and Mastercard's$2.63T. This utility is driving traditional finance integration.Corporations are leveraging capital markets to fund aggressive digital asset accumulation. Strive, which is acquiring Semler Scientific,to fund further bitcoin purchases. Separately, CoinDesk notes that KindlyMDIn related news, American Bitcoinincreased their bitcoin holdings to 4,783 bitcoin.TENX LISTS ON TSXV AND SUPERSTATE LAUNCHES ISSUANCE:New infrastructure players are entering the public markets. TenX Protocols has begun trading on the TSX Venture Exchange after raising nearly $24M.the company, backed by HIVE Digital, plans to stake tokens across networks like Solana, Sui, and Sei.PRICE ACTION:As of time of writing, bitcoin was trading at $92,399.17, while ether was trading at $3,372.32,.
ProCap BTC names Renae Cormier as Chief Financial Officer
ProCap BTC announced the appointment of Renae Cormier as CFO. Cormier will lead ProCap BTC's finance and accounting functions. Her appointment is effective December 1, 2025. Prior to joining ProCap BTC, she was the CFO at Semler Scientific (SMLR). Cormier will join ProCap BTC's executive team alongside Anthony Pompliano, CEO, Megan Pacchia, COO, Jeff Park, CIO, and Kyle Wood, Chief Legal and Compliance Officer, further strengthening ProCap BTC's leadership bench ahead of its proposed business combination with Columbus Circle Capital Corp I (BRR).
Strive and Semler Scientific Reveal All-Stock Merger Involving Bitcoin Treasury
Strive (ASST) announced that it has entered into a definitive agreement to acquire Semler Scientific (SMLR) in an all-stock transaction. In addition, Strive announced the purchase of 5,816 Bitcoin to its corporate treasury at an average price of $116,047 per Bitcoin, for a total purchase price of $675,000,000, inclusive of fees and expenses, bringing Strive's total Bitcoin holdings to 5,886. The deal represents an approximately 210% premium, equivalent to approximately $90.52 per share, based on the trading price of Semler Scientific common stock and Strive Class A common stock as of the market close on September 19, 2025. Each common share of Semler Scientific will be exchanged for 21.05 Class A common shares of Strive. The combined company would own over 10,900 Bitcoin prior to any additional Bitcoin raised from future financings, in addition to sufficient cash held in reserve to support future perpetual preferred offerings. Strive management and Board of Directors will remain post-closing with Semler Scientific Executive Chairman Eric Semler expected to join the Board of Directors of the combined company. The transaction has been unanimously approved by the boards of directors of Strive and Semler Scientific. Closing of the transaction is subject to the satisfaction of customary closing conditions.
Semler Scientific reports Q2 EPS $5.04 vs. $0.0 last year
Reports Q2 revenue $8.2M, consensus $8.4M. "We have made excellent progress with our Bitcoin treasury strategy," said Eric Semler, executive chairman of Semler Scientific. "We purchased approximately $195.4M of Bitcoin since the first quarter, bringing the value of our total holdings to nearly $586.2M as of July 31, 2025. Year-to-date through July 31, 2025, this strategy has generated more than $110.4M in unrealized gains and delivered a 31.3% BTC yield. We also deepened our connection to the Bitcoin community by appointing Natalie Brunell to our board of directors and hiring Joe Burnett as director of Bitcoin strategy. During the quarter, we were very pleased to launch CardioVanta, a wholly owned subsidiary that will drive our future healthcare initiatives focused on early detection of heart failure and cardiac arrhythmia," said Doug Murphy-Chutorian, CEO. "We believe CardioVanta positions us to deliver long-term value in our healthcare business as we continue to aggressively execute on our Bitcoin treasury strategy - establishing Semler Scientific as a dual-engine platform for growth."
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