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Semler Scientific Boosts Bitcoin Holdings to 2,321 BTC with 99.3% BTC Yield
Semler Scientific, a medical technology company focused on combating chronic diseases, has expanded its Bitcoin holdings significantly. The company recently acquired 237 Bitcoin, bringing its total reserves to 2,321 Bitcoin. This move reflects Semler’s ongoing strategy of increasing its cryptocurrency treasury to enhance shareholder value.
In a recent statement, Semler Scientific confirmed acquiring 237 Bitcoin between December 16, 2024, and January 10, 2025. The acquisition was made at an average price of $98,267 per Bitcoin, including fees. These purchases added $23.3 million worth of Bitcoin to its reserves, which now total 2,321 BTC.
The company stated its total Bitcoin investment amounts to $191.9 million. Semler’s strategy focuses on using Bitcoin as a treasury asset to drive long-term growth and shareholder value.
Additional Funding and Operational Cash Flow
Semler Scientific funded its Bitcoin acquisitions through an at-the-market (ATM) offering and operational cash flow. As of January 10, 2025, the company had generated $121.8 million in gross proceeds under its ATM sales agreement with Cantor Fitzgerald. The ATM program, which was expanded by $50 million in December 2024, enables the company to issue additional shares for strategic investments. This financing model underpins Semler Scientific’s continued ability to grow its Bitcoin holdings.
Institutional Bitcoin Adoption
Interestingly, institutional Bitcoin adoption has risen, with MicroStrategy announcing another massive purchase of 2,530 BTC, worth $243 million. This brings its total holdings to 450,000 BTC, acquired for $28.2 billion. Despite this move, MSTR stock declined after Bitcoin’s price dropped below key support levels.
Key Performance Indicator (KPI) – BTC Yield
Since adopting its Bitcoin treasury strategy in July 2024, Semler Scientific has monitored its performance through a key performance indicator (KPI) known as BTC Yield. From July 2024 to January 2025, the company achieved a 99.3% BTC Yield, reflecting the effectiveness of its treasury management.
Bitcoin adoption remains integral to Semler Scientific’s financial strategy. The company has consistently emphasized its focus on increasing Bitcoin reserves.
Conclusion
In conclusion, Semler Scientific’s significant expansion of its Bitcoin holdings demonstrates its commitment to using cryptocurrency as a treasury asset to drive long-term growth and shareholder value. The company’s 99.3% BTC Yield is a testament to the success of its Bitcoin treasury strategy.
FAQs
- What is Semler Scientific’s total Bitcoin investment?
Semler Scientific’s total Bitcoin investment amounts to $191.9 million. - How did Semler Scientific fund its Bitcoin acquisitions?
The company funded its Bitcoin acquisitions through an at-the-market (ATM) offering and operational cash flow. - What is the company’s strategy for using Bitcoin?
Semler Scientific’s strategy focuses on using Bitcoin as a treasury asset to drive long-term growth and shareholder value. - What is the company’s current Bitcoin holdings?
As of January 10, 2025, the company’s current Bitcoin holdings are 2,321 BTC.
