Semler Scientific Expands Bitcoin Holdings, Now Owns 2,084 BTC

Semler Scientific, a prominent provider of technology solutions for healthcare providers, has expanded its cryptocurrency investments by acquiring additional Bitcoin, further solidifying its position in the digital asset market.

Recent Bitcoin Purchases

Between December 5 and December 15, 2024, Semler Scientific acquired 211 Bitcoin (BTC) for approximately $21.5 million, bringing its total holdings to 2,084 BTC. The recent acquisition was made at an average price of $101,890 per Bitcoin, inclusive of fees and associated expenses.

Currently, the total value of Semler's Bitcoin portfolio stands at $168.6 million, reflecting an average purchase price of $80,916 per Bitcoin.

Funding the Acquisition

Semler funded its Bitcoin purchases using proceeds from its at-the-market (ATM) offering and operational cash flow. The company has been leveraging its Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co. under its ATM program. This agreement allows Semler to periodically issue and sell common stock to raise capital for strategic investments.

ATM Offering Overview

Since the launch of the ATM offering in August 2024, Semler Scientific has generated approximately $100 million in gross proceeds. To bolster its capital-raising efforts, the company recently filed a second prospectus supplement to its S-3 Shelf Registration, enabling it to offer an additional $50 million in shares.

Once completed, this move will raise the total amount offered under the ATM program to $150 million, providing Semler with additional resources for investments and operational initiatives.

Bitcoin Yield Performance

In addition to its growing Bitcoin portfolio, Semler reported a 92.8% yield from its cryptocurrency investments, marking a significant return and reinforcing the strategic value of its foray into the digital asset space.

A Strategic Vision

Semler Scientific’s increasing investment in Bitcoin reflects a growing trend among companies seeking to diversify their assets and capitalize on the long-term potential of digital currencies. The company’s strategic use of its ATM program and operational cash flow has enabled it to strengthen its financial position while pursuing innovative investment opportunities.

Conclusion

Semler Scientific’s continued acquisition of Bitcoin underscores its confidence in the cryptocurrency’s future as a store of value and a hedge against traditional financial risks. With a robust ATM program and impressive Bitcoin yield, the company is well-positioned to enhance shareholder value while exploring new growth avenues.

Investors and market watchers will likely keep a close eye on Semler Scientific as it expands its cryptocurrency portfolio and navigates the evolving digital asset landscape.