Semler Scientific Adds Another $23 Million In Bitcoin To Its Balance Sheet

Semler Scientific Adds Another $23 Million In Bitcoin To Its Balance Sheet
фото показано с : zycrypto.com

2025-1-14 16:48

Nasdaq-listed healthcare tech firm Semler Scientific — which made headlines last year for adding Bitcoin (BTC) to its treasury — has bought another $23 million worth of the top crypto. Semler joins a growing list of companies hoarding Bitcoin in recent years.

Semler Expands Bitcoin Bag To 2,321 BTC

Semler purchased 237 Bitcoin at an average price of $98,267 from December 16, 2024, to January 10, 2025, as per a disclosure on Monday.

After the latest purchase, the Santa Clara, California-based firm now boasts holdings of 2,321 Bitcoin, valued at more than $221 million at market current prices. Its BTC treasury stash places it 13th among publicly traded companies, according to BitcoinTreasuries.com.

Semler’s total holdings of 2,321 BTC were purchased for $191.9 million, or an average price of $82,687 per Bitcoin.

Semler issues shares of common stock to buy Bitcoin, and has now adopted “Bitcoin Yield” as a key performance indicator. Specifically, the BTC yield measures the ratio of BTC holdings to outstanding shares and describes how well a firm does in buying Bitcoin in an accretive manner to shareholders. The BTC purchases brought the stock’s Bitcoin yield to 99.3% up from 72.6%, the company said.

Publicly Traded Companies And Bitcoin

Semler Scientific first adopted its Bitcoin treasury strategy back in May 2024 when the company said it was convinced that Bitcoin had “the potential to generate outsized returns as it gains increasing acceptance as digital gold.”

On Nov. 4, Semler CEO Doug Murphy-Chutorian said the medical technology company is “laser-focused on acquiring and holding Bitcoin.” Murphy-Chutorian also revealed that the firm was considering financing opportunities that could allow it to purchase more BTC.

Semler’s move follows several firms pursuing similar strategies. MicroStrategy currently owns the biggest corporate BTC treasury with a whopping 450,000 coins under its belt (valued at over $43.4 billion).

Japan’s answer to MicroStrategy, Metaplanet, has also been actively buying up Bitcoin. 

According to CoinGecko data, Bitcoin is currently trading at $96,456 after briefly dipping to $89,800 on Monday.

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Фото:

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