Semler Scientific Boosts Bitcoin Holdings by 185 BTC, 26.7% Yield

Semler Scientific, a medical device company, has expanded its Bitcoin holdings by purchasing an additional 185 BTC for $20 million between May 23 and June 3. This acquisition brings the company's total Bitcoin treasury to 4,449 BTC, maintaining its position among the top 14 companies holding Bitcoin. The purchase was made using proceeds from an at-the-market stock offering program, where the company sold 3.5 million shares, generating approximately $136.2 million in net proceeds.

Semler Scientific's latest Bitcoin purchase was made at an average price of $107,974 per coin, inclusive of fees and expenses. The company's total Bitcoin holdings are now valued at approximately $466 million, based on the current price of Bitcoin just below $105,000. The firm's Bitcoin treasury was acquired at an average price of $92,158 per bitcoin, resulting in around $56 million in unrealized profits. This strategic move aligns with Semler Scientific's aggressive Bitcoin accumulation strategy, following the model set by Strategy and its Chairman, Michael Saylor.

Semler Scientific's Bitcoin yield, a metric popularized by Saylor, stands at 26.7% year-to-date. This metric refers to the ratio of a company’s Bitcoin holdings to its assumed shares outstanding. In comparison, Strategy, the world’s largest publicly traded holder of Bitcoin, has a 16.9% BTC yield year-to-date. The company's decision to invest in Bitcoin reflects a broader trend among corporations treating Bitcoin as a treasury asset. Over 75 companies now hold Bitcoin as part of their treasury, with recent additions including Trump Media, GameStop, and Paris Saint-Germain F.C.

Semler Scientific's continued investment in Bitcoin underscores its confidence in the cryptocurrency's potential for long-term growth and its ability to serve as a store of value. By diversifying its assets and hedging against inflation, the company aims to protect its financial stability and benefit from the cryptocurrency's appreciation. This move also highlights the growing acceptance of Bitcoin as a legitimate investment asset and a means of preserving wealth in an uncertain economic environment.