Semler Scientific Purchases More Bitcoin, Now Holds 2,084 BTC

Semler Scientific, a company that specializes in providing technology solutions for healthcare providers, has recently updated its Bitcoin holdings, continuing to increase its stake in the world’s leading cryptocurrency. Between December 5 and December 15, 2024, the company purchased an additional 211 Bitcoin for a total of $21.5 million, bringing its total holdings to 2,084 BTC. The acquisition was made at an average price of $101,890 per Bitcoin, after including all related fees and expenses. As a result, Semler’s total Bitcoin holdings are now valued at approximately $168.6 million, based on its average purchase price of $80,916 per Bitcoin.

This latest Bitcoin purchase was funded using proceeds from the company’s at-the-market (ATM) offering program and its operational cash flow. Semler has been actively utilizing its Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., which allows the company to periodically issue and sell common stock in order to raise capital. Since the launch of this ATM offering in August 2024, Semler has already raised roughly $100 million in gross proceeds. The success of this offering has enabled the company to continue expanding its Bitcoin holdings and strengthen its balance sheet.

In addition to the Bitcoin acquisition, Semler announced that it has filed a second prospectus supplement under its S-3 Shelf Registration, seeking to offer an additional $50 million in shares through the ATM program. If successful, this would bring the total amount offered under the ATM program to $150 million. This move further supports the company’s ability to raise capital and potentially invest more in digital assets like Bitcoin, as part of its broader financial strategy.

Furthermore, Semler has also pointed out that its Bitcoin holdings have generated an impressive yield of 92.8%, showcasing the positive performance of its cryptocurrency investments. This high yield has become a key performance indicator for the company, reflecting the success of its decision to integrate Bitcoin into its investment strategy. As Bitcoin continues to rise in value and its mainstream adoption accelerates, Semler’s Bitcoin strategy appears to be paying off, providing the company with a strong source of return and potentially positioning it for further growth in the future.