Semler Scientific’s Bitcoin holdings now exceed 1,570 BTC, reflecting a $117.8M investment strategy.
Recent $29.1M Bitcoin purchase boosts company’s treasury, achieving a 58.4% BTC yield since July 2024.
Semler raises $50M through equity offering to support continued Bitcoin acquisitions and growth strategy.
Semler Scientific, a technology firm focused on healthcare, has significantly increased its Bitcoin holdings. From November 18 to November 22, 2024, the company acquired 297 bitcoins at a total cost of 29.1 million US dollars.
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This latest purchase brings the company’s total Bitcoin holdings to 1,570 BTC which was bought at an average of $75,039 per coin. The company paid an average price of $97,995 for the newly acquired BTC, which also includes associated transaction fees.
Strong Focus on Digital Assets
Semler Scientific Bitcoin acquisition plan is still unfolding and now the company holds $117.8 million in Bitcoin. The company's strategy to adopt bitcoin as a reserve currency is consistent with emerging trends where big firms are investing in crypto. The firm’s treasury management strategy aims at consolidating its balance sheet by harnessing the growing market in digital assets.
This recent purchase has come after Semler boosted its Bitcoin reserves at the beginning of November when it bought 1,058 BTC, which cost the company $3 million. These consistent purchases indicate the company’s long-term incorporation of Bitcoin into its financial planning.
$50 Million Raised for Future Investments
In a move to further fuel its Bitcoin strategy, Semler Scientific recently raised $50 million through an at-the-market (ATM) equity offering. This addition brings the total funds raised under its Controlled Equity Offering agreement to $100 million. The capital raised through equity sales will support the company's operational needs and fund additional Bitcoin purchases.
Semler's ATM offering demonstrates its approach to financing Bitcoin investments through equity markets. This mechanism has allowed the company to expand its crypto holdings without taking on traditional debt.
Strong Bitcoin Yield Performance
Semler Scientific has also reported significant returns on its Bitcoin investments. The company’s BTC Yield reached 58.4% since its launch in July 2024. This metric reflects the return on Bitcoin holdings relative to its outstanding shares.
The company’s recent performance shows a yield of 37.1% from October 1 to November 22, indicating strong returns during this period.
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