Semler Scientific, a healthcare technology firm listed on Nasdaq, has increased its bitcoin holdings by purchasing an additional 47 BTC for $3 million, bringing its total holdings to 1,058 BTC. The company revealed this acquisition alongside its third-quarter earnings results, emphasizing its commitment to bitcoin as a core treasury asset.
CEO Doug Murphy-Chutorian reiterated Semler’s strategy of both accumulating bitcoin and driving innovation within its healthcare business.
“We remain laser-focused on acquiring and holding bitcoin while supporting growth in our healthcare sector,” Murphy-Chutorian stated. The company has consistently added to its bitcoin reserves, with 141 BTC purchased during the third quarter alone for $8.4 million.
Semler’s approach mirrors that of software giant MicroStrategy, the largest public corporate bitcoin holder, as Semler leverages bitcoin to maximize stakeholder value.
According to Chairman Eric Semler, the firm intends to continue its bitcoin acquisitions with operational cash flow and sales proceeds from its at-the-market (ATM) program, which became effective on August 13 and permits the sale of up to $50 million in stock. As of September 30, Semler had raised $2.5 million through the sale of 86,734 shares under this program.
The company’s Q3 financials showed a slight net income increase to $5.6 million on revenues of $13.5 million, marking a 17% year-over-year decline. Following the announcement, Semler’s stock saw a 3.4% rise in after-hours trading despite a 2.3% dip during regular trading hours.
