Semler Scientific Doubles Down on Bitcoin, Buys 871 BTC for $88.5M

NASDAQ-listed Semler Scientific (NASDAQ:SMLR) has made headlines once again with its strategic investment in Bitcoin (BTC). The company has added 871 BTC to its holdings, spending a total of $88.5 million between January 11 and February 3, 2025. This latest purchase brings Semler Scientific's Bitcoin treasury to 3,192 BTC, with a total investment of $280.4 million, averaging $87,854 per BTC.

Semler Scientific's Bitcoin acquisition was funded through a mix of proceeds from its January 2025 senior convertible notes offering and cash generated from selling part of its stake in Monarch Medical Technologies (TASE:PMCN). The average price per BTC, including fees, was $101,616. At the current Bitcoin price of $99,000, Semler Scientific's profit would be approximately $35.58 million.

With this latest purchase, Semler Scientific joins an exclusive group of 29 publicly traded companies that hold Bitcoin on their balance sheet. The company's stock market performance has been notable since announcing its initial Bitcoin investment in May 2024. Following the announcement, Semler Scientific's share price peaked at a 223% increase and is currently trading 105% higher than before the announcement, with a 1.5% gain during today's market session.

The timing of Semler Scientific's latest Bitcoin purchase is intriguing, as it occurred during a period of significant market volatility and uncertainty in January 2025. Despite the market conditions, the company remains committed to its vision, inspired by Michael Saylor, that Bitcoin is the ultimate hedge and a more reliable store of value than gold or even the U.S. dollar. Semler Scientific is doubling down on its Bitcoin investment strategy, and so far, it appears to be paying off.