Core Viewpoint - Semler Scientific shareholders have approved the acquisition by Strive Inc. in an all-stock transaction, which will position Strive as the 11th largest publicly traded holder of Bitcoin, although investor sentiment appears pessimistic regarding the deal [1][2]. Group 1: Company Details - Strive shares have fallen nearly 13% following the acquisition news, trading at approximately $0.96, while Semler Scientific shares have dropped about 11%, trading just above $20 [2]. - Semler currently holds 5,048.1 BTC in its treasury, and combined with Strive's 7,626 BTC, the total Bitcoin holdings will be valued at $1.1 billion at current prices [2][3]. - Strive recently acquired an additional 123 BTC at an average price of $91,561, which will enhance the combined company's Bitcoin holdings [3]. Group 2: Historical Context - Semler Scientific was previously known for its medical devices aimed at chronic diseases, including the FDA-approved QuantaFlo cardiovascular testing device, and was an early adopter of Bitcoin as a treasury reserve asset [4]. - Strive was founded in 2022 as an "anti-ESG" investment firm, raising $20 million from notable investors, and adopted Bitcoin as a treasury reserve asset in May before announcing the acquisition of Semler in September [5].

Core Viewpoint - Strive Inc. has experienced significant stock price increases, driven by its strategic pivot to Bitcoin asset management and growing retail investor interest [1][2][6]. Group 1: Company Overview - Strive Inc. was founded by Vivek Ramaswamy as an "anti-woke" and "anti-ESG" asset manager, aiming to counter the politicization of corporate America by major asset managers like BlackRock, State Street, and Vanguard [1]. - The company recently merged with Asset Entities Inc. and continues to trade under the ticker symbol ASST on NASDAQ [2]. Group 2: Bitcoin Strategy - Strive has shifted focus to becoming a Bitcoin-centric asset manager, acquiring Semler Scientific Inc. in an all-stock deal and adding over 5,000 Bitcoins to its treasury [2]. - The company now holds approximately 10,900 Bitcoins, valued at $1.26 billion, making it one of the largest Bitcoin treasuries [3]. Group 3: Financial Activities - Strive is raising $1.5 billion through private placement financing and exercising available warrants to fund its Bitcoin acquisitions [3]. - The stock faced a pullback after the company filed to register nearly 1.3 billion new shares, raising concerns about potential dilution among existing shareholders [4]. Group 4: Retail Investor Engagement - The stock's recent rally was influenced by independent investor Mike Alfred, who purchased 1 million shares and promoted Strive as a promising Bitcoin treasury company [5]. - Following Alfred's announcement, Strive became the second most trending stock on Reddit and fifth on Yahoo Finance, indicating increased retail interest [6].