Bitcoin treasury company Semler Scientific (NASDAQ: SMLR) CEO Douglas Murphy-Chutorian filed to sell up to $30 million shares of SMLR stock, per SEC filings.
The filing shows the CEO’s intent to sell up to 72,000 shares of SMLR on November 17, 2025, worth $1.51 million at the time of reporting. If realized, the sale may reflect a CEO’s desire to monetize a portion of his equity prior to the merger’s completion.
In September, the bitcoin treasury company announced a merger offer at a 210% premium to their stock price from Strive (NASDAQ: ASST), valued at $471 million. The stock jumped 24% on the same day of the merger announcement, which is expected to close before March 2026.
The all-stock structure means that Semler shareholders will primarily be compensated with Strive’s equity, aligning ownership interests post-acquisition. Mergers of this type can increase liquidity for shareholders while concentrating governance in the hands of the combined company.
Strive recently raised $149.3 million after completing an upsized and oversubscribed initial public offering of its Variable Rate Series A Perpetual Preferred Stock, SATA.
Update November 19, 2025 10:30am EST: Corrected the share count and value of the CEO’s potential sale.
