Semler Scientific buys another $10M worth of BTC

Semler Scientific has bought approximately $10 million worth of Bitcoin since Feb. 14, the healthcare technology company said in an April 25 statement. 

The company purchased 111 Bitcoin (BTC) for $10 million at an average price of roughly $90,000 per coin, Semler said. It holds a total of more than 3,300 Bitcoin worth approximately $300 million in aggregate. 

Semler said its Bitcoin purchases have earned stockholders a Bitcoin yield of 23.5% in the year to date. Bitcoin yield measures the ratio of BTC holdings to outstanding shares, reflecting growing exposure per share for investors.

“Semler Scientific uses BTC Yield as a [key performance indicator] to help assess the performance of its strategy of acquiring bitcoin in a manner Semler Scientific believes is accretive to stockholders,” it said. 

The company said it acquired its Bitcoin treasury for an average price of nearly $89,000. As of April 25, Bitcoin trades at approximately $95,000 per coin, according to data from Cointelegraph. 

Semler Scientific is a healthcare technology company that develops and sells medical diagnostic products, with a primary focus on detecting chronic diseases. The company has partially financed its Bitcoin purchases by issuing roughly $125 million in new stock, it said. Semler also announced plans to raise $75 million through the private offering of convertible senior notes in January. 

Related: Bitcoin, showing ‘signs of resilience’, beats stocks, gold as equities fold — Binance

Corporate Bitcoin buying

In 2024, Bitcoin’s surging price pushed Michael Saylor’s Strategy (formerly MicroStrategy) up more than 350%, according to data from FinanceCharts. Strategy’s success has inspired dozens of other companies, such as Semler, to start accumulating Bitcoin treasuries. 

Public companies are now among the largest institutional Bitcoin holders. As of April 25, corporate Bitcoin holdings are worth approximately $71 billion in the aggregate, according to data from BitcoinTreasuries.NET.

Strategy is still the largest corporate Bitcoin holder, with a treasury worth more than $50 billion. During the week of April 14, Strategy bagged 6,556 Bitcoin for an average price of $84,785 per coin.

Among institutional buyers, corporate treasuries still lag exchange-traded funds (ETFs), which cumulatively hold approximately $110 billion in Bitcoin as of April 25, according to Coinglass data.

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