Key Takeaways
- Semler Scientific now holds 4,636 BTC, valued at $502 million.
- The company has reported a 29% year-to-date BTC yield amid ongoing stock sales to fund further accumulation.
- Semler targets 10,000 BTC by end of 2025, with a goal of 105,000 BTC by 2027.
Semler Scientific has acquired an additional 187 bitcoin for roughly $20 million, according to a recent SEC filing, increasing its total holdings to 4,636 BTC, valued at approximately $502 million at current market prices.
The purchases were executed between June 4 and July 2 at an average price of $106,906 per bitcoin, funded through the company’s ongoing at-the-market (ATM) stock offering.
Stock sale
In April, Semler entered into a $500 million stock sale agreement with financial institutions including Barclays and Cantor Fitzgerald.
As of July 2, the company had raised $156.6 million through the sale of more than 4.1 million shares.
Primary asset
This acquisition follows Semler’s adoption of bitcoin as its primary treasury asset in May 2024 and marks a continuation of its multi-year accumulation strategy.
The company now ranks among the top public companies holding bitcoin, with a cumulative spend of approximately $430 million (including fees), resulting in an average cost of $92,753 per bitcoin.
The unrealized gain on its holdings currently stands at around $72 million.
BTC yield
Semler tracks a ‘BTC Yield’ metric, measuring bitcoin performance relative to shareholder dilution.
The firm reported a BTC Yield of 29% year-to-date, up from 26.7% in the prior month. Leadership changes have reinforced the company’s bitcoin focus, with Joe Burnett appointed as Director of Bitcoin Strategy in June.
Looking ahead, Semler has set ambitious targets, aiming to scale its bitcoin reserves to 10,000 BTC by the end of 2025, 42,000 by 2026, and 105,000 by 2027.
