Semler Scientific Added 237 BTC to Bitcoin Treasury, Expands Share Offering

Key Points:

  • Semler Scientific acquired 237 bitcoins for $23.3 million, raising its total holdings to 2,321 Bitcoins.
  • The company reported a 72.6% return on Bitcoin investments in Q4 2024 and a 99.3% return since adopting its Bitcoin strategy in mid-2024.
The medical device U.S.-based company Semler Scientific has significantly increased Bitcoin holdings and ATM funding.
Semler Scientific Added 237 BTC to Bitcoin Treasury, Expands Share Offering

Read more: MicroStrategy Bitcoin Investment Continues Up for 10th Consecutive Week  

Semler Scientific Boosts Bitcoin Balance to Over 2,300 Coins

Between December 16, 2024, and January 10, 2025, Semler Scientific bought 237 Bitcoins for $23.3 million, averaging $98,267 per Bitcoin, including fees. The company now has a total of 2,321 Bitcoins valued at $191.9 million as of January 10, 2025. Its average purchase price across all acquisitions is $82,687 per Bitcoin.

Semler Scientific has realized significant returns on its Bitcoin strategy. The company reported a 72.6% return on its Bitcoin investments from October 1, 2024, to January 10, 2025. Since adopting the strategy in July 2024, the return has risen to 99.3%. The company’s Bitcoin Yield, which is the ratio between holdings and diluted shares, reflects these figures.

ATM Equity Offering Reaches $121.8 Million

Besides investing in cryptocurrencies, Semler Scientific also upsized its at-the-market (ATM) equity offering with Cantor Fitzgerald in December 2024. The total program was increased by $50 million, bringing the cap to $150 million. The company raises gross proceeds totalling $121.8 million as of January 10, 2025, through that program.

Semler’s share count has also increased, with the number of basic shares outstanding increasing from 6.99 million in June 2024 to 9.60 million as of January 2025. Assumed diluted shares increased from 8.09 million to 10.74 million over the same period.

The company revealed its Bitcoin treasury strategy in May 2024 and has been eager to show its intent to increase its crypto assets. Having risen above 1,050 Bitcoins, Semler Scientific has remained committed to its intent of increasing the number of Bitcoin reserves through a holistic financial strategy.

At the same time, Michael Saylor’s MicroStrategy continued to announce that last week, it used $243 million in cash to buy an additional 2,530 Bitcoins and continues to be the company holding the most Bitcoins today.

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