Strive posts 15,009 bitcoin treasury, zero debt after Semler

Strive Inc. reported a 15,009-bitcoin treasury and no outstanding debt after completing its merger with Semler Scientific and repurchasing the remaining convertible notes, according to SEC filings through May 12, 2026.

The filing showed the combined company held 15,009 bitcoin as of May 12, following the addition of 5,048 bitcoin from Semler and further purchases. Strive bought 1,381 bitcoin between April 1 and May 12 at an average price of about $76,524. Digital assets were listed at $929.4 million as of March 31; the company later recorded a $295.8 million unrealized loss on those assets measured at fair value.

Cash and cash equivalents totaled $87.6 million as of May 12, and Strive reported a $50.5 million fair-value position in Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Quarterly revenue rose to $2.76 million from $1.42 million a year earlier, with $1.37 million attributable to medical-device operations acquired from Semler. Net loss for the period was $265.9 million, driven largely by the digital-asset fair-value loss.

As part of the merger, Strive assumed $100 million of Semler’s 4.25% convertible senior notes due 2030. The company exchanged $90 million of that debt into its SATA preferred stock and repurchased the remaining $10 million balance after the quarter ended. The filing stated that as of May 12, 2026, Strive had no short- or long-term debt outstanding.

Strive amended terms of its Variable Rate Series A Perpetual Preferred Stock (Nasdaq: SATA) to allow daily dividend payments on business days, beginning June 16, 2026, when declared by the board. Chief Executive Matt Cole posted on X that SATA would become the “first security in history to pay daily dividends” and that distributions would occur about 250 times per year while the annual percentage rate remains at 13% through June 2026.

The company continued at-the-market issuances after March 31, raising $58.4 million in gross proceeds from Class A shares and $58.6 million from SATA shares between April 1 and May 12. Remaining issuance capacity was $217.9 million for common stock and $429.2 million for SATA shares.

The filing noted that Semler’s assets added both bitcoin and medical-device revenue to Strive’s results, and that fair-value accounting of digital assets contributed to volatility in reported net income. Management stated the company’s liquidity position supports execution of strategic initiatives and working capital needs for at least the next twelve months.