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Semler Scientific Boosts Bitcoin Holdings to 3,192 BTC, Secures Top 10 Spot

Coin WorldWednesday, Feb 5, 2025 6:30 am ET

1min read

Semler Scientific, a healthcare technology and software company, has significantly expanded its Bitcoin holdings by acquiring an additional 871 BTC between January 11 and February 3, 2025. The company invested a total of $88.5 million in this latest purchase, with an average price of $101,616 per BTC. This strategic move has brought Semler's total Bitcoin holdings to 3,192 BTC, acquired at an average price of $87,854 per coin.

Semler's Bitcoin investment strategy has proven successful, with a paper gain exceeding 150% on its Bitcoin treasury. From July 1, 2024, the first full quarter after adopting its Bitcoin strategy, until February 3, 2025, the firm reported an aggregate yield of 152%, including a 22% gain so far in 2025. At current market prices, Semler's Bitcoin investment is valued at approximately $313 million, securing its position as the 10th-largest corporate holder of Bitcoin.

To finance its Bitcoin purchases, Semler leveraged funds from a senior convertible notes offering and the partial monetization of its minority stake in Monarch Medical Technologies. In a January 23 announcement, the company revealed plans to raise $75 million through a private offering of convertible senior notes to support its continued Bitcoin acquisition strategy.

Eric Semler, chairman of Semler Scientific, expressed enthusiasm about the firm's progress, stating, "We are thrilled with the progress we are making in growing our Bitcoin stockpile." He also highlighted the strategic decision to monetize a portion of the investment in Monarch Medical to fuel further Bitcoin purchases.

While Semler Scientific aggressively expands its Bitcoin holdings, MicroStrategy, the largest corporate holder of Bitcoin, has temporarily halted its shopping. Michael Saylor's company holds 471,107 BTC, currently valued at around $46 billion. Semler's unwavering focus on Bitcoin has been evident since November when CEO Doug Murphy-Chutorian stated that the firm was "laser-focused" on building its crypto treasury. With a growing stockpile and strategic financial maneuvers, Semler remains a notable player in the evolving landscape of corporate Bitcoin investments.

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