Semler Scientific, a healthcare technology firm, has expanded its Bitcoin reserves with the purchase of 237 BTC for $23 million, at an average price of just over $98,000 per coin.
This acquisition brings the company’s total Bitcoin holdings to 2,321 BTC, valued at nearly $192 million. The firm funded the purchase using stock sales and operational cash flow, with an average cost per Bitcoin below $83,000.
Once struggling to grow, Semler credits its Bitcoin investments for revitalizing the company. CEO Doug Murphy-Chutorian emphasized their commitment to acquiring and holding BTC, a strategy that has helped the firm emerge from financial stagnation. Its Bitcoin yield—a measure of BTC held relative to outstanding shares—has risen to 99.3%, reflecting the success of this approach.
Semler joins other companies following the lead of MicroStrategy, which pioneered corporate Bitcoin investment in 2020 under Michael Saylor. MicroStrategy’s stock has since soared by 2,000%, inspiring firms like Hoth Therapeutics and Genius Group to adopt similar strategies.
As of January 2025, public companies hold over $54 billion in Bitcoin, with Semler ranking 13th among them. MicroStrategy remains the largest holder, with over $40 billion in reserves. Meanwhile, institutional investors and state governments increasingly view Bitcoin as a hedge against inflation and economic uncertainty, further solidifying its role in corporate treasuries and investment strategies.
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