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Semler Scientific CEO Eric Semler announced on April 30 that the company has acquired an additional 165 Bitcoins for $15.7 million. This latest purchase increases the company’s total Bitcoin holdings to 3,467 BTC, which are now valued at approximately $330.6 million.

Details of the Recent Bitcoin Acquisition

The acquisition was financed through proceeds from Semler Scientific’s ongoing $500 million at-the-market (ATM) equity offering. Between April 25 and April 29, the company sold 559,000 shares, raising about $19.5 million.

The average purchase price for the newly acquired Bitcoins came to $94,931 per coin. As a result, the company’s overall average cost basis for its Bitcoin holdings stands at $88,263 per BTC.

Semler’s Bitcoin Reserve Strategy

Semler Scientific began its Bitcoin accumulation strategy in May 2024, declaring Bitcoin as its primary treasury reserve asset. The company initiated its purchases with 581 BTC in May, followed by 247 BTC in July and an additional 247 BTC in August.

By October 2024, the firm had significantly ramped up its buying activity, acquiring 581 BTC in a single week. By the end of 2024, Semler Scientific held over 3,000 Bitcoins in total. Since then, the company has continued using equity issuance to expand its Bitcoin holdings.

Performance and Rationale Behind the Strategy

Semler Scientific reported a year-to-date Bitcoin yield of 23.8%, showcasing the strong performance of its cryptocurrency holdings compared to traditional fiat reserves. This performance has been a key highlight for the company as it positions Bitcoin as a core part of its financial strategy.

CEO Eric Semler has consistently emphasized Bitcoin’s role as a hedge against inflation and a superior store of value compared to cash. The company’s aggressive purchasing strategy reflects this belief and aligns with its long-term vision for treasury management.

Key Takeaways for Investors

  • Semler Scientific has prioritized Bitcoin as its primary treasury reserve, signaling confidence in the cryptocurrency’s long-term value.
  • The company’s average Bitcoin purchase price of $88,263 per BTC highlights its disciplined approach to acquiring the asset.
  • A 23.8% year-to-date yield demonstrates the potential of Bitcoin as an alternative to traditional fiat reserves.
  • Semler’s continued use of equity issuance underscores its commitment to further building its Bitcoin position.

As Bitcoin continues to gain traction among institutional investors, Semler Scientific’s strategy offers insights into how companies can integrate cryptocurrency into their financial frameworks.

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