Semler Scientific has acquired an additional 187 Bitcoin for roughly $20 million, according to a recent SEC filing, increasing its total Bitcoin holdings to 4,636 Bitcoin, valued at approximately $502 million at current market prices.

The purchases were made between June 4th and July 2nd at an average price of $106,906 per Bitcoin. Funding came from the company’s ongoing at-the-market (ATM) stock offering.

In April, Semler entered a $500 million stock sale agreement with several financial institutions, including Barclays, Cantor Fitzgerald, Canaccord Genuity, Needham & Company, Craig-Hallum, and Lake Street. 

As of July 2nd, the company had raised $156.6 million through the sale of over 4.1 million shares.

This marks a continuation of Semler’s strategic focus on Bitcoin, which it adopted as its primary treasury asset in May 2024. 

Since then, the firm has followed a multi-year accumulation plan and now ranks 15th among public companies in total Bitcoin held.

To date, Semler has spent approximately $430 million (inclusive of fees) to acquire 4,636 Bitcoin at an average cost of $92,753. The unrealized gain currently stands around $72 million. 

The company also tracks a “BTC Yield” metric, which measures Bitcoin’s performance against shareholder dilution. The firm reported a BTC Yield of 29% year-to-date, up from 26.7% in the previous month.

This acquisition follows recent leadership changes reinforcing the Bitcoin strategy. In June, Semler appointed Joe Burnett as Director of Bitcoin Strategy.

Looking ahead, Semler aims to scale its holdings significantly, targeting 10,000 Bitcoin by the end of 2025, 42,000 by 2026, and 105,000 by 2027.

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