Semler Scientific Increases Bitcoin Holdings to 1,273 BTC, Valued at $114 Million
Semler Scientific (SMLR), a medical equipment company that recently adopted a bitcoin treasury strategy, has raised its bitcoin (BTC) holdings to 1,273 tokens. At the current bitcoin price of just under $90,000, the holdings are worth approximately $114 million.
The company announced on Monday the purchase of 215 bitcoin for $17.7 million over a ten-day period ending Nov. 15. This translates to an average acquisition price of $82,502 per BTC. Funding for this latest purchase came in part from share sales under SMLR’s at-the-market program, which has generated $21.5 million to date.
Semler’s total bitcoin holdings, acquired for $88.7 million, carry an average purchase price of $69,682 per bitcoin.
The company has adopted “Bitcoin Yield” as a key performance indicator (KPI) to measure the effectiveness of its bitcoin strategy. This concept, developed by MicroStrategy (MSTR)—the largest corporate holder of bitcoin—assesses the accretive value of bitcoin acquisitions for shareholders.
“We have achieved a Bitcoin Yield of 37.3% since adopting our bitcoin treasury strategy in the second quarter of this year,” said Eric Semler, chairman of Semler Scientific. “This reflects significant accretion of value for our stakeholders.”
Semler’s announcement is the fourth corporate bitcoin purchase disclosure on Monday, joining recent moves by Metaplanet, Marathon Digital, and MicroStrategy.
SMLR shares rose 2.4% in premarket trading and are up 33% since the company initiated its bitcoin buying strategy last summer.
