Joe Burnett: Semler Scientific merges with Strive and closes $700 million IPO

Joe Burnett: Semler Scientific merges with Strive and closes $700 million IPO
Semler Scientific closes $700 million IPO

Semler Scientific has merged with Strive and grown to a market capitalization of over $3 billion, following an earlier value of approximately $300 million. The company also completed a $700 million preferred stock initial public offering this morning.

Joe Burnett shared these updates reflecting on his prior role leading Bitcoin strategy at Semler Scientific last year.

Earlier this year, Joe Burnett noted that investors could access the SATS perpetual preferred IPO through Fidelity in a separate update (see article). He also highlighted the sixth U.S. bank failure in 2026 and discussed questions around Bitcoin restrictions set by Basel (see article). These events provided context for Burnett’s ongoing analysis of financial products and regulatory impacts.

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