Semler Scientific Increases Bitcoin Holdings to 2,321 BTC at $191.9 Million

Semler Scientific Inc. has updated its bitcoin acquisitions and capital market activities:

The company now holds 2,321 BTC, acquired for $191.9 million at an average price of $82,687 per Bitcoin.
Between December 16, 2024, and January 10, 2025, Semler purchased 237 BTC for $23.3 million, averaging $98,267 per Bitcoin.
Funds for purchases came from an “at-the-market” (ATM) offering and operational cash flow.
In December 2024, the company increased its ATM fundraising potential to $150 million and raised approximately $121.8 million as of January 10, 2025.

BTC Yield Performance

BTC yield was 72.6% from October 1, 2024, to January 10, 2025.
BTC yield reached 99.3% from July 1, 2024, to January 10, 2025.

Semler views BTC Yield as a measure of investment success, aiding in understanding its funding decisions for Bitcoin purchases.

Strategic Use of Bitcoin

In May 2024, Semler adopted Bitcoin as its primary treasury reserve asset.
Chairman Eric Semler stated Bitcoin serves as a hedge against inflation and a reliable store of value amid global instability.
The company assessed various cash uses and concluded that accumulating Bitcoin is preferable to holding excess cash.

Semler's move reflects a broader institutional trend towards digital assets, similar to MicroStrategy's acquisition of 2,530 BTC, now holding 450,000 BTC. This shift may foster a favorable regulatory environment for cryptocurrencies.