Strive tumbles 12% as reverse stock split stumps investors despite Semler acquisition

2026-01-14 00:37:53

Source: CryptoNewsNet Original Title: Strive tumbles 12% as reverse stock split stumps investors despite Semler acquisition Original Link: Strive (ASST) shareholders have approved the acquisition of Semler Scientific (SMLR), but investors were caught off guard by a one-to-20 reverse stock split announced alongside the deal, sending shares of both companies lower.

The all-stock transaction includes the transfer of Semler’s 5,048 BTC to Strive’s balance sheet. After the merger, the combined company will hold nearly 12,798 Bitcoin, placing it ahead of Tesla (TSLA) and Trump Media & Technology Group (DJT) in bitcoin reserves and ranking it 11th among corporate holders.

That includes Strive’s latest purchase of 123 BTC for $11.3 million at an average price of $91,561.

Strive said the reverse split is intended to “align share price with institutional participation standards,” according to a statement by Strive CIO Ben Werkman. Strive’s stock was trading below $1 for much of the past three months.

BTC3,14%

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