Semler Scientific Purchases Another 211 Bitcoin Increasing Holdings Beyond 2,000 Bitcoin

Semler Scientific bought 211 Bitcoin for $21.5 million, raising its total to 2,084 Bitcoin with a 92.8% BTC Yield.

Deniz Saat

December 16, 2024 @ 2:19 PM PT

Semler Scientific, a healthcare tech firm, has purchased an additional 211 Bitcoin for $21.5 million to reach a total of 2,084 Bitcoin.

Semler Scientific has acquired 211 BTC for ~$21.5 million at ~$101,890 per #bitcoin and has generated BTC Yield of 67.0% QTD and 92.8% since adopting our BTC treasury strategy in May. As of 12/15/24, we held 2,084 $BTC acquired for ~$168.6 million at ~$80,916 per bitcoin. $SMLR
— Eric Semler (@SemlerEric) December 16, 2024

The latest acquisition, made between December 5th and December 15th, was funded through operating cash flow and proceeds from an at-the-market (ATM) stock offering.

Semler paid an average price of $101,890 per Bitcoin for its recent purchases, higher than its cumulative average cost of $80,916 per Bitcoin.

The company has also expanded its ATM offering, increasing its capacity to raise funds through share sales by $50 million, for a total of $150 million.

So far, it has generated $100 million in gross proceeds from the program, a significant portion of which has been directed toward Bitcoin purchases.

Semler is using a metric called Bitcoin Yield (BTC Yield) to measure the success of its strategy, which compares the growth of its Bitcoin holdings to the capital raised.

The company reported a cumulative BTC Yield of 92.8% since adopting the strategy earlier this year.