Semler Scientific Doubles Down on Bitcoin with Fresh $10M Buy

Another swing at the digital gold rush—Semler Scientific just dropped $10 million more into Bitcoin. Because nothing says ’confidence’ like chasing volatility with shareholder money.

The move follows their initial $17 million BTC purchase in May 2024, proving even healthcare tech firms can’t resist crypto’s siren song. Treasury strategy? YOLO.

Meanwhile, traditional asset managers clutch their pearls. Tick-tock, boomers.

Semler Scientific makes big Bitcoin purchase

According to the statement, the company uses Bitcoin yield as a key indicator to assess the performance of its strategy.

“Semler Scientific uses BTC Yield as a [key performance indicator] to help assess the performance of its strategy of acquiring bitcoin in a manner Semler Scientific believes is accretive to stockholders,” the statement said.

Bitcoin yield measures the ratio of Bitcoin holdings to outstanding shares, showing increased exposure per share for investors.

The company also said that it believes that the KPI can be used to explain the company’s decision to buy additional BTC. “Semler Scientific believes this KPI can be used to supplement an investor’s understanding of Semler Scientific’s decision to fund the purchase of bitcoin by issuing additional shares of its common stock or instruments convertible to common stock,” the statement said.

In its statement, the company mentioned that its Bitcoin treasury was acquired for an average price of about $89,000. According to CoinMarketCap, Bitcoin is presently trading at around $94,000 per token. The statement also added that the company partially financed its Bitcoin purchases by issuing about $125 million worth of new stock. Semler also said that the company has plans to raise $75 million through a private offering of convertible senior notes later.

Corporate firms shift to Bitcoin

Over the last few months, there has been a consensus for corporate firms to shift into the Bitcoin industry, especially with stakeholders calling on firms to hold a strategic Bitcoin reserve. The move was inspired by the rise in the price of Bitcoin in 2024, pushing the Michael Saylor-led Strategy (formerly MicroStrategy) up by more than 350%. The move inspired many firms to start accumulating digital assets, especially Bitcoin, in a treasury.

As a result of the move, public companies are now among the largest institutional Bitcoin holders. As of April 25, corporate Bitcoin holdings were worth approximately $71 billion, according to data from BitcoinTreasuries.NET.

Strategy remains the largest corporate company holding BTC, with its treasury worth more than $50 billion. During the week of April 14, Strategy bought 6,556 BTC, purchasing each coin at an average price of $84,785. However, among institutional players, corporate treasuries are still behind exchange-traded funds (ETFs), which hold about $110 billion worth of Bitcoin, according to CoinGlass data.

The adoption has also spread to countries, with United States President Donald Trump leading the charge to see America become the headquarters of cryptocurrencies. The president recently signed the strategic Bitcoin reserve bill into law, adding assets like ETH, XRP, and ADA into the stockpile.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now