Semler Scientific, a Nasdaq-listed healthcare technology company, has significantly bolstered its cryptocurrency portfolio with a purchase of 185 Bitcoin for roughly $20 million. This move was fueled by proceeds generated from a recent share offering program that enabled the company to sell up to $500 million in stock. The latest acquisition brings Semler’s Bitcoin holdings to a substantial total of 4,449 BTC, valued at approximately $467 million.
The purchase follows Semler Scientific’s strategy of incorporating Bitcoin as a core treasury asset. This approach aligns with the growing trend among corporations to invest in cryptocurrencies for financial stability and diversification.
Beyond its recent Bitcoin investment, the company has enjoyed success through its stock sales program, generating approximately $136 million from over 3.5 million shares sold. Semler Scientific’s decision to purchase Bitcoin reflects a broader market trend of corporate firms utilizing funds from various sources to acquire crypto assets. This strategic move positions Semler Scientific as one of the top 15 publicly traded companies holding Bitcoin.
With this investment, the company’s position in the world of crypto stands out among its peers, and the firm is actively tracking their Bitcoin holdings through a unique metric called ‘BTC Yield’. This metric provides insights into the growth rate of the company’s Bitcoin investments over time.