Key Points
- Semler Scientific has increased its Bitcoin holdings by acquiring an additional 871 BTC for $88.5 million.
- The company now owns 3,192 BTC, valued at $280.4 million, and has reported a year-to-date BTC Yield of 21.9%.
Semler Scientific has expanded its digital assets portfolio by purchasing an additional 871 units of Bitcoin (BTC). The acquisition, which cost $88.5 million, took place between January 11 and February 3.
The purchase was financed through the proceeds of a senior convertible notes offering and the partial sale of its share in Monarch Medical Technologies.
Bitcoin Treasury Strategy
With this most recent acquisition, Semler Scientific’s total Bitcoin holdings stand at 3,192 BTC, acquired at an average cost of $87,854 per unit. This totals an investment of $280.4 million in Bitcoin.
The company’s year-to-date yield on Bitcoin is 21.9%, and since implementing its Bitcoin treasury strategy in July 2024, it has seen a return of 152.2%.
Eric Semler, the Chairman, emphasized the strong investor interest in the company’s convertible notes and the firm’s dedication to accumulating Bitcoin. Semler expressed satisfaction with the progress they are making in increasing their Bitcoin reserves.
Semler Scientific, a medical device manufacturer, has previously stated its commitment to increasing and maintaining a larger Bitcoin reserve.
Convertible Senior Notes
Semler previously announced a $75 million private offering of convertible senior notes to institutional buyers, with the proceeds planned for Bitcoin acquisitions.
The notes, which will mature in 2030, will accrue interest twice a year and can be settled in cash, stock, or a combination of both upon conversion.
This approach mirrors strategies adopted by other corporations like Microstrategy and Genius Group, which have made their mark in the crypto space by incorporating Bitcoin into their financial strategies.