Semler Scientific buys additional Bitcoin, bringing its holdings to 2,321 BTC

Semler Scientific, a medical device manufacturer, has increased its Bitcoin holdings by acquiring an additional 237 Bitcoins between December 16, 2024, and January 10, 2025. These purchases were made at an average price of $98,267 per Bitcoin, bringing Semler’s total Bitcoin reserve to 2,321 BTC.

The company’s total investment in Bitcoin now amounts to $191.9 million, with an average acquisition price of $82,687 per BTC. The purchases were funded through proceeds from an at-the-market (ATM) offering and the company’s operating cash flow.

Semler Scientific has been focused on accumulating Bitcoin and has previously expressed its commitment to maintaining and expanding its Bitcoin reserve. In June 2024, CEO Doug Murphy-Chutorian emphasized that the company would continue purchasing Bitcoin with cash, a strategy it has pursued since exceeding 1,050 BTC in its holdings.

Semler’s Bitcoin acquisition strategy has positively impacted its stock performance. Since the company first announced its plans to build a Bitcoin treasury in May 2024, the stock, with the ticker symbol ‘SMLR,’ has increased by over 115%, according to Google data.

In addition to its Bitcoin acquisitions, Semler Scientific raised $121.8 million in gross proceeds from its ATM sales by January 10, 2025. In December 2024, the company expanded its ATM offering by $50 million, bringing the total amount raised through this method to $150 million under an agreement with Cantor Fitzgerald.

With this aggressive Bitcoin investment strategy, Semler Scientific is positioning itself as a corporate entity that heavily integrates Bitcoin into its treasury, following in the footsteps of other companies adopting similar approaches in the cryptocurrency space.