Key Takeaways
- Semler Scientific now holds 1,873 BTC worth $147.1 million.
- BTC Yield reached 78.7% since adopting its Bitcoin strategy.
- Acquisitions funded by $79.8M ATM equity offering proceeds.
Semler Scientific, Inc. (Nasdaq: SMLR) disclosed updates to its Bitcoin activity, reporting the acquisition of 303 BTC for $29.3 million between Nov. 25 and Dec. 4, 2024.
This brings the company’s total Bitcoin holdings to 1,873 BTC, purchased at an average price of $78,553 per coin, including fees.
The acquisitions were funded by proceeds from Semler’s at-the-market (ATM) equity offering.
Under its Controlled Equity Offering agreement with Cantor Fitzgerald, Semler increased the total offering to $100 million, generating $79.8 million in gross proceeds as of Dec. 4.
Semler introduced BTC Yield as a performance indicator to assess its Bitcoin strategy. BTC Yield measures the percentage change in the ratio of Bitcoin holdings to diluted shares outstanding.
From July 1 to Dec. 4, the company achieved a 78.7% BTC Yield, described as accretive to stockholders.
Eric Semler, Chairman of Semler Scientific, stated:
We are very pleased to report BTC Yield of 78.7%. We believe this strategy continues to align with shareholder interests.
Semler emphasized that BTC Yield is a narrow metric and should be supplemented by financial statements and SEC filings for a full understanding of the company’s performance. As of Dec. 4, Bitcoin represents a core component of Semler’s treasury strategy.
