Semler Scientific acquires $23M in Bitcoin

Semler Scientific has announced the acquisition of an additional 237 Bitcoin (CRYPTO:BTC) for approximately $23 million, bringing its total holdings to 2,321 BTC, valued at nearly $192 million.

The company made this purchase using proceeds from stock sales and operating cash flow, acquiring the Bitcoin at an average price of about $98,267 per coin.

This latest investment has significantly increased Semler's "Bitcoin yield" from 72.6% to 99.3%, a metric that reflects the ratio of BTC holdings to outstanding shares.

The concept of Bitcoin yield was popularised by MicroStrategy, which began its own Bitcoin purchases in 2020.

Semler has issued over $120 million in stock to finance its Bitcoin acquisitions as part of a strategy to enhance its financial position.

In a previous statement, CEO Doug Murphy-Chutorian indicated that the company's focus on acquiring Bitcoin has helped it transition from a “zombie” status—characterised by minimal growth and near insolvency—to a more stable financial footing.

Since adopting its Bitcoin treasury strategy in May 2024, Semler has seen substantial returns on its investments in digital assets.

The company’s average cost basis for its total Bitcoin holdings stands at less than $83,000 per coin.

As of January 10, 2025, corporate treasuries collectively hold over $54 billion in Bitcoin, with Semler ranking as the 13th largest holder among public companies.

The ongoing interest in Bitcoin as a hedge against economic uncertainty continues to drive corporate investments in the cryptocurrency space.

At the time of reporting, the Bitcoin (BTC) price was $94,896.40.