Semler Scientific Reports 78.7% BTC Yield After Latest Bitcoin Purchase

TLDR

Semler Scientific purchased 303 Bitcoin at ~$96,779 per coin between Nov 25-Dec 4, 2024
Company now holds 1,873 Bitcoin valued at over $189 million
Semler ranks 14th among public companies in Bitcoin holdings
Company uses “BTC Yield” metric to track Bitcoin-to-shares ratio
Purchase follows similar moves by MicroStrategy and Metaplanet

Semler Scientific, a healthcare technologies company, has expanded its Bitcoin holdings with a new purchase of 303 Bitcoin, acquired between November 25 and December 4, 2024. The company paid an average price of $96,779 per Bitcoin, bringing its total investment to approximately $30 million for this latest acquisition.

The Santa Clara-based company now holds 1,873 Bitcoin in its corporate treasury, with a current market value exceeding $189 million. This positions Semler Scientific as the 14th largest Bitcoin holder among publicly traded companies, according to data from Bitcoin Treasuries compiled by BitBo.

Company Chairman Eric Semler expressed satisfaction with the company’s Bitcoin strategy, noting a “BTC Yield” of 78.7% in their latest statement. This metric, recently adopted by the company, measures the relationship between Bitcoin holdings and outstanding shares.

The healthcare technology firm began implementing its Bitcoin treasury strategy in May 2024, citing Bitcoin’s potential role as digital gold. This perspective gained additional attention when Federal Reserve Chair Jerome Powell made similar comparisons on the same day as Semler’s latest announcement.

Prior to this purchase, Semler had already demonstrated its commitment to a Bitcoin-focused treasury strategy with a purchase of 215 Bitcoin in early November. The company has maintained a steady approach to acquiring Bitcoin throughout 2024, using proceeds from common stock issuance to fund these purchases.

The company’s strategy mirrors that of other corporate Bitcoin holders, notably MicroStrategy, which has emerged as the largest corporate holder of Bitcoin. MicroStrategy recently acquired 15,400 Bitcoin for $1.5 billion between November 25 and December 1, 2024, at an average price of $95,976 per Bitcoin.

Japanese firm Metaplanet has pursued a similar strategy, more than doubling its Bitcoin holdings during the current bull market phase. This trend indicates growing corporate interest in Bitcoin as a treasury asset.

Semler Scientific trades on the NASDAQ under the ticker SMLR. Despite showing a 33% increase over the year, the company’s stock experienced a 7.6% decline following the announcement, closing at $58.55.

The company’s Bitcoin acquisition strategy involves issuing shares of common stock to finance its purchases. This approach allows Semler to maintain its operational capital while building its Bitcoin position.

In June 2024, Semler had announced plans to purchase up to $150 million worth of Bitcoin, demonstrating its long-term commitment to this treasury strategy. The company executed this plan through several purchases, including an acquisition of 247 Bitcoin for $17 million earlier in the year.

The latest purchase continues Semler’s pattern of regular Bitcoin acquisitions, with the company adding to its holdings in strategic intervals throughout 2024. Each purchase has been carefully documented and reported to shareholders and regulatory authorities.

Semler maintains transparency in its Bitcoin operations by regularly updating shareholders on its average purchase price and total holdings. The company provides these updates through formal statements and regulatory filings.

The company’s “BTC Yield” metric serves as a key performance indicator, allowing investors to track the efficiency of Semler’s Bitcoin treasury strategy relative to its share issuance.

This purchase marks Semler’s largest single Bitcoin acquisition to date, representing a substantial increase from its previous buying patterns. The company completed the transaction over a nine-day period, suggesting a measured approach to accumulation.

The timing of the purchase coincides with Bitcoin trading near all-time high prices, with the average purchase price of $96,779 reflecting current market conditions.