California-based healthcare company Semler Scientific has significantly increased its bitcoin holdings, purchasing an additional 303 BTC for $29.3 million between November 25 and December 4. This latest acquisition brings the Nasdaq-listed firm’s total bitcoin treasury to 1,873 BTC, valued at approximately $184 million at current market prices.
Details of the Purchase
- New Acquisition: The company acquired 303 BTC at an average price of $96,779 per bitcoin, including fees and expenses.
- Cumulative Investment: Across all purchases, Semler Scientific has spent $147.1 million on its bitcoin holdings, at an average price of $78,553 per bitcoin.
Bitcoin Strategy and Performance
Semler’s chairman, Eric Semler, highlighted the success of the firm’s bitcoin strategy, reporting a 78.7% BTC yield since the approach was adopted in the third quarter.
“Our BTC yield demonstrates the strong performance of our bitcoin strategy, which continues to enhance value for shareholders,” said Eric Semler.
The firm uses BTC yield as a key performance indicator (KPI) to assess the effectiveness of its bitcoin investment. It also noted that the strategy involves funding bitcoin purchases by issuing additional shares of common stock.
Among Top Corporate Bitcoin Holders
Semler Scientific now ranks as the 14th largest corporate bitcoin holder, trailing major players like MicroStrategy and Marathon Digital.
Stock Performance
Despite the positive news about its growing bitcoin treasury, Semler Scientific’s stock closed down 7.65% at $58.55 on Thursday. However, the stock gained 1.3% in after-hours trading. Year-to-date, the company’s shares have risen 32.5%, with a 46% increase over the past month.
Semler Scientific’s growing bitcoin holdings reflect the broader trend of corporate adoption of cryptocurrency as a treasury strategy, signaling increasing confidence in bitcoin’s long-term value.
