Key Takeaways
- Semler Scientific acquired 871 more Bitcoin for $88.5 million.
- The firm's total Bitcoin holdings now stand at 3,192 BTC, worth $320 million.
- MicroStrategy paused its Bitcoin purchases after a 12-week streak.
Semler Scientific, a Nasdaq-listed healthcare technology firm, has acquired an additional 871 Bitcoin between Jan. 11 and Feb. 3.
The company paid an average price of $101,616 per BTC, according to an 8-K filing with the U.S. Securities and Exchange Commission on Tuesday.
Funding sources
The latest purchases were funded through proceeds from Semler’s January 2025 senior convertible notes offering and the partial monetization of its investment in Monarch Medical Technologies.
Current holdings
As of Feb. 3, Semler holds 3,192 BTC, valued at approximately $320 million.
The company’s total Bitcoin purchases amount to $280.4 million at an average price of $87,854 per BTC, including fees and expenses.
Semler previously bought 237 BTC for $23.3 million between Dec. 16, 2024, and Jan. 10.
Management commentary
Semler Scientific Chair Eric Semler expressed satisfaction with the firm’s Bitcoin accumulation strategy, stating:
We are thrilled with the progress we are making in growing our bitcoin stockpile. We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand.
Market impact
Semler Scientific’s stock rose 1.6% in early trading Tuesday following the announcement.
Industry context
Meanwhile, Bitcoin treasury giant MicroStrategy ended a 12-week buying streak, keeping its holdings at 471,107 BTC, worth over $47 billion.
