NewsletterSemler Scientific Achieves 99.3% BTC Yield Boosting Holdings To Over 2,300 BTC
Highlights
- Semler Scientific acquired 237 BTC for $23.3M at $98,267 each, raising total holdings to 2,321 BTC worth $191.9M.
- BTC Yield from July 2024 to January 2025 reached 99.3%, showcasing strong performance of Semler's Bitcoin treasury strategy.
- Semler Scientific generated $121.8M in gross proceeds from its ATM offering, funding its BTC acquisitions and operations.
Semler Scientific Inc., a medical technology company aiming to defeat chronic diseases, has increased its Bitcoin stash. The firm has just purchased 237 BTC, increasing the total in its holdings to 2,321 BTC. This step is in line with Semler’s current plan of enlarging the company’s cryptocurrency position to benefit the shareholders.
Semler Scientific Boosts Bitcoin Holdings to 2,321 BTC with 99.3% BTC Yield
Semler Scientific announced it bought 237 Bitcoin between December 16, 2024 and January 10, 2025 in a recent press release. The purchase was made at a mean cost of one Bitcoin at $98,267 including all the charges. These purchases injected an additional 2,321 BTC worth $23.3 million in Bitcoin into its reserve.
Additionaly, the company added that its total holding in BTC is now worth $191.9m. Semler’s approach is about leveraging on Bitcoin as a treasury to foster business growth and create value for its shareholders.
Also, Semler Scientific used an at-the-market- offering and operational cash to support its investment in Bitcoin. As of January 10, 2025, the company had raised gross proceeds of $121.8 million under the ATM sales agreement with Cantor Fitzgerald.
The ATM program, which was expanded by $50 million in December 2024, enables the company to issue additional shares for strategic investments. This financing model underpins Semler Scientific’s continued ability to grow its Bitcoin holdings.
Interestingly, institutional Bitcoin adoption has risen with Michael Saylor’s MicroStrategy announcing another massive purchase of 2,530 BTC today, worth $243 million. This brings its total holdings to 450,000 BTC, acquired for $28.2 billion. Despite the move, MSTR stock declined after Bitcoin’s price dropped below key support levels.
Bitcoin Adoption and Key Performance Indicators
Semler Scientific has been keeping track of the BTC Yield through a key performance indicator (KPI) since it started implementing the Bitcoin strategy in July 2024. For the period from July 2024 to January 2025, the company realized BTC Yield of 99.3%, which proves the efficiency of the BTC strategy.
Bitcoin adoption remains integral to Semler Scientific’s financial strategy. The company has consistently emphasized its focus on increasing Bitcoin reserves.
Semler Scientific remains committed to its Bitcoin strategy, with plans to continue acquiring Bitcoin through proceeds from its ATM program and cash flow.
BTC Price Action
Meanwhile, Bitcoin’s 24-hour price action shows a 3.34% drop, falling from $94,820 to $91,700. Trading volume surged by 193.09%, reaching $58.6 billion, as the market cap stands at $1.81 trillion. BTC struggles to hold key support amid market volatility.
A recent report by CoinGape highlighted the reasons behind today’s drop in Bitcoin price. The decline is attributed to a strong jobs market diminishing hopes for rate cuts, technical exhaustion following Bitcoin’s rally to $100K, and profit-taking ahead of President-elect Donald Trump’s inauguration. Key support remains at $90,804.
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