Semler Scientific Doubles Down on Bitcoin Bet—Now Holds $330M in Crypto
Another corporate whale joins the Bitcoin feeding frenzy. Semler Scientific just scooped up 165 more BTC—pushing their total holdings north of $330 million.
Wall Street shrugs: ’But have you considered a nice, stable 0.5% bond?’ Meanwhile, the company’s treasury now outpaces half the crypto hedge funds launched in 2021.
Who needs a CFO when you’ve got a hardware wallet and diamond hands?
Semler’s Bitcoin reserve strategy
Semler Scientific began accumulating Bitcoin in May 2024, declaring it their primary treasury reserve asset. Initial purchases included 581 BTC in May, 247 BTC in July, and 247 more in August.
By October, the firm had ramped up its pace significantly, buying 581 BTC in one week and ultimately ending 2024 with over 3,000 coins. Since then, it has continued to use equity issuance to build its Bitcoin position.
The company reported a year-to-date BTC yield of 23.8%, highlighting the performance of its cryptocurrency holdings compared to traditional fiat reserves.
CEO Eric Semler has repeatedly framed Bitcoin as a hedge against inflation and a store of value superior to cash.