Key Takeaways
- Semler Scientific now holds 1,273 BTC, acquired for $88.7M.
- Recent purchase of 215 BTC cost $17.7M at $82,502 per coin.
- It raised $21.5M through stock sales to fund Bitcoin purchases.
Semler Scientific, Inc. announced it has purchased 215 Bitcoin between November 6 and November 15, 2024, for $17.7 million, averaging $82,502 per Bitcoin.
This brings the company’s total holdings to 1,273 BTC, acquired at a cumulative cost of $88.7 million, or $69,682 per Bitcoin.
BTC Yield
The company’s BTC Yield, a performance metric it began using in mid-2024, was reported at 18.9% for the period from October 1 to November 15, 2024.
Since the adoption of its Bitcoin treasury strategy in Q2 2024, Semler has achieved a cumulative BTC Yield of 37.3%.
Chairman Eric Semler stated
We believe this demonstrates substantial Bitcoin accretion for our stakeholders.
Funding
To fund its Bitcoin purchases, Semler utilized its Controlled Equity Offering Sales Agreement, selling 505,544 shares since August 2024 for net proceeds of $21.5 million.
As of November 15, 2024, the company had issued approximately 7.7 million basic shares and 8.6 million diluted shares.
