Semler Scientific Buys an Additional $23M in Bitcoin

Semler Scientific added 237 Bitcoin for $23M, totaling 2,321 Bitcoin worth $192M.

Deniz Saat

January 14, 2025 @ 12:57 PM PT

On January 13th, Semler Scientific disclosed the purchase of 237 Bitcoin for approximately $23 million, with an average price of just over $98,000 per coin.

Semler Scientific has acquired 237 BTC for ~$23.3 million at ~$98,267 per #bitcoin and has generated BTC Yield of 99.3% since adopting our BTC treasury strategy in May 2024. As of 1/10/2025, we held 2,321 $BTC acquired for ~$191.9 million at ~$82,687 per bitcoin. $SMLR
— Eric Semler (@SemlerEric) January 13, 2025

The acquisition was funded using proceeds from stock sales and operating cash flow.

This purchase increases the company’s total Bitcoin holdings to 2,321 Bitcoin, valued at approximately $192 million.

Semler reported an average acquisition cost of under $83,000 per coin for its Bitcoin investments.

The company has issued more than $120 million in stock to support its Bitcoin purchases and other corporate objectives.

With the latest acquisition, Semler’s "Bitcoin yield"—a metric representing Bitcoin holdings relative to outstanding shares—rose from 72.6% to 99.3%.

The company views this metric as a way to provide investors with additional insights into its Bitcoin strategy.

In July, Semler leadership indicated that Bitcoin investments played a significant role in revitalizing the company, which had previously struggled to generate sufficient growth capital.

On November 4th, CEO Doug Murphy-Chutorian emphasized the company’s ongoing commitment to Bitcoin as a core component of its strategic focus.