Key Takeaways
- Semler Scientific now holds 2,084 BTC at an average cost of $80,916.
- 211 BTC were purchased in December 2024 for $21.5 million.
- BTC Yield reached 92.8% since the strategy began in July 2024.
Semler Scientific, Inc., based in Santa Clara, California, disclosed updates on its bitcoin holdings and financial activity as of December 15, 2024. The healthcare technology firm, known for addressing chronic diseases, added 211 BTC between December 5 and December 15, 2024, for $21.5 million.
The average acquisition cost was $101,890 per bitcoin, including fees. This brings its total bitcoin holdings to 2,084 BTC, purchased at an aggregate cost of $168.6 million with an average purchase price of $80,916 per BTC.
Equity offering updates
Semler also announced updates to its Controlled Equity Offering agreement with Cantor Fitzgerald.
The firm increased its at-the-market (ATM) offering capacity by $50 million, raising the total available to $150 million.
As of December 13, 2024, Semler has generated $100 million in gross proceeds through this offering.
Performance metrics
Key performance indicators (KPIs) for the company’s bitcoin strategy were also highlighted.
Semler’s BTC Yield, which measures the performance of its bitcoin acquisition strategy, reached 67.0% from October 1 to December 15, 2024, and 92.8% since the strategy’s inception on July 1, 2024.
Strategic outlook
Semler believes its bitcoin-focused treasury strategy, funded partly by issuing additional shares, aligns with its goal to create shareholder value while leveraging bitcoin’s growth potential.
