Semler Scientific Expands Bitcoin Holdings with $30 Million Purchase

Nasadq-listed Semler Scientific, a leader in developing technology to help healthcare providers manage chronic diseases, has provided an update on its Bitcoin (BTC) holdings and performance.

The company revealed it has made significant strides in its Bitcoin acquisition strategy, purchasing a total of 297 BTC between November 18 and November 22, 2024, for $29.1 million.

This brings Semler’s total Bitcoin holdings to 1,570 BTC, acquired at an aggregate cost of $117.8 million. The average purchase price of these assets is approximately $75,039 per BTC, inclusive of all fees and expenses.

Semler also highlighted impressive growth in its Bitcoin yield performance. From October 1 to November 22, 2024, the company achieved a BTC yield of 37.1%. Over a longer period, from July 1 to November 22, 2024, the company’s BTC yield surged to 58.4%, demonstrating the success of its treasury strategy.

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Eric Semler, chairman of Semler Scientific, expressed enthusiasm about the results, stating that the company is making significant progress in building its Bitcoin holdings in a way that benefits stakeholders.

This update showcases the company’s commitment to expanding its digital asset portfolio and generating strong returns through its strategic investments.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.