Semler Scientific increases Bitcoin holdings through stock sales, emphasizing its belief in Bitcoin’s value and use as a strategic reserve.
Semler Scientific Inc. has provided an update on its recent bitcoin BTC $95 079 24h volatility: 1.8% Market cap: $1.89 T Vol. 24h: $40.59 B acquisitions, capital markets activities, and the performance of its BTC Yield—a key indicator of the company’s investment strategy.
The company revealed that it now holds 2,321 BTC, acquired for a total of $191.9 million, with an average price of $82,687 per Bitcoin, including fees and expenses. From December 16, 2024, to January 10, 2025, it purchased 237 Bitcoins using $23.3 million. The funds for this purchase came from a combination of an “at the market” (ATM) offering and operational cash flow. The average price paid per bitcoin during this period was $98,267.
Semler Scientific agreed with Cantor Fitzgerald & Co. to raise funds by periodically selling its common stock through an “at-the-market” (ATM) offering. In December 2024, they increased the potential fundraising amount to $150 million. As of January 10, 2025, the company had raised approximately $121.8 million in gross proceeds from these stock sales.
BTC Yield as a Measure of Investment Success
The firm reported its BTC accumulation success rate, stating that between October 1, 2024, and January 10, 2025, its BTC yield was 72.6%, while from July 1, 2024, to January 10, 2025, it was 99.3%.
Semler Scientific uses BTC Yield as a key measure to track the success of its strategy of acquiring Bitcoin in a way that benefits its stockholders. The company believes this metric helps investors understand its decision to raise money by selling additional shares to fund Bitcoin purchases.
Bitcoin as Protection Against Inflation
The company, which provides services to healthcare providers, adopted Bitcoin as its primary treasury reserve asset in May 2024. Chairman Eric Semler noted at the time that the company’s purchase of Bitcoin demonstrated its strong belief in the digital asset as a reliable store of value. He added that they believe Bitcoin’s limited supply makes it a good hedge against inflation and a safe option during global instability.
Semler Scientific disclosed that it had thoroughly examined potential uses of cash. After careful consideration and evaluation of various alternatives, the company concluded that accumulating Bitcoin would be a better option than holding excess cash.
Semler Scientific’s recent accumulation of Bitcoin is part of the growing embrace of digital assets by leading institutions. For instance, MicroStrategy recently announced that it had acquired 2,530 BTC and now holds 450,000 BTC. The shift to BTC as a strategic reserve by leading institutions could encourage more companies and countries to turn to digital assets, which could lead to a clearer and more favorable regulatory framework for virtual currencies.
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