Strive (ASST) Stock Plunges 10.28% Amid Merger Skepticism as Bitcoin Strategy Faces Scrutiny

The share price fell to its lowest level since May 2025 today, with an intraday decline of 4.94%.

Strive (ASST) has seen its stock drop 96% over two years, from $18 in 2023 to $0.77 by late December 2025. The recent two-day decline of 10.28% has raised concerns as the company pushes forward with a merger with Semler Scientific (SMLR) to create one of the largest public Bitcoin holders. While the move aligns with a trend of corporate Bitcoin adoption, investors remain skeptical. The proposed 21.05x exchange ratio has drawn criticism, with some Semler shareholders reporting losses. The merger, pending a shareholder vote on January 13, 2026, faces challenges in securing support and executing operational synergies.

The merger reflects a broader shift in corporate finance, with companies increasingly viewing Bitcoin as a strategic reserve asset. However, regulatory risks and integration complexities could hinder success. Analysts suggest approval could spur further consolidations in 2026, but execution and market confidence will be key. With Strive’s stock at a multi-year low, the outcome of the vote will test the sector’s potential and investor appetite for crypto-backed strategies.