Semler Scientific Expands Bitcoin Holdings to 1,273 BTC, Now Worth $114M
Semler Scientific (SMLR), a medical equipment firm turned bitcoin enthusiast, announced an additional purchase of 215 BTC for $17.7 million over the 10 days ending Nov. 15. The company now holds 1,273 bitcoin, valued at approximately $114 million based on current market prices of just under $90,000 per coin.
The latest acquisition comes at an average price of $82,502 per bitcoin, with funding partially supported by $21.5 million raised through Semler’s at-the-market share issuance program.
Cumulatively, Semler has invested $88.7 million into its bitcoin strategy since adopting the approach earlier this year, acquiring its 1,273 BTC at an average cost of $69,682 each.
To track its performance, the company has adopted the “Bitcoin Yield” metric—a concept pioneered by MicroStrategy (MSTR)—to measure the accretive impact of bitcoin purchases on shareholder value. “Our Bitcoin Yield currently stands at 37.3%, reflecting our disciplined approach to generating value for stakeholders through strategic bitcoin investments,” said Eric Semler, chairman of Semler Scientific.
This marks Semler’s latest step in an accelerating trend of corporate bitcoin adoption, joining peers such as Metaplanet, Marathon Digital, and MicroStrategy, which also announced significant purchases this week.
Semler’s stock rose 2.4% in premarket trading on the news, building on a 33% gain since the company initiated its bitcoin buying program last summer.
