Semler Scientific Boosts Bitcoin Holdings by 111 Coins, Total Now 3,303

Semler Scientific, a medical device manufacturer, has expanded its Bitcoin holdings by purchasing an additional 111 Bitcoin (BTC) at an average price of $90,124 per coin. The company utilized proceeds from an at-the-market offering and existing cash reserves to fund this acquisition, as stated in a recent press release.

With this latest purchase, Semler Scientific now holds a total of 3,303 BTC, acquired at a cumulative cost of $290.4 million. This strategic move underscores the company's commitment to diversifying its asset portfolio and leveraging the potential growth of Bitcoin.

The company's year-to-date Bitcoin yield, which measures the percentage change in the ratio of its Bitcoin holdings to its fully diluted shares outstanding, stands at 23.5%. This figure represents a significant decrease from the 152.2% yield recorded in February, reflecting the volatility and fluctuations in the cryptocurrency market.

Despite the recent decline in Bitcoin yield, Semler Scientific's decision to continue investing in Bitcoin demonstrates its confidence in the long-term value and stability of the digital asset. The company's strategic allocation of resources towards Bitcoin acquisitions highlights its forward-thinking approach to financial management and risk mitigation.