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Ethereum
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$2,204.59 19.63088
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BNB
BNB (BNB)
$624.10 2.87708
BNB price
Solana
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$162.63 8.70348
Solana price
XRP
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$2.31 6.58473
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Shiba Inu
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$0.0000143 9.93213
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Pepe
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$0.000011 30.15033
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Bonk
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$0.0000202 16.15834
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dogwifhat
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$0.705406 18.8319
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Popcat
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Bitcoin
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$102,647.00 3.94984
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Ethereum
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$2,204.59 19.63088
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BNB
BNB (BNB)
$624.10 2.87708
BNB price
Solana
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$162.63 8.70348
Solana price
XRP
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$2.31 6.58473
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Shiba Inu
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$0.0000143 9.93213
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Pepe
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Bonk
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dogwifhat
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Popcat
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Bitcoin
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$102,647.00 3.94984
Bitcoin price
Ethereum
Ethereum (ETH)
$2,204.59 19.63088
Ethereum price
BNB
BNB (BNB)
$624.10 2.87708
BNB price
Solana
Solana (SOL)
$162.63 8.70348
Solana price
XRP
XRP (XRP)
$2.31 6.58473
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000143 9.93213
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000011 30.15033
Pepe price
Bonk
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$0.0000202 16.15834
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Popcat
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Semler Scientific buys 215 more Bitcoin, raises $21.5m in equity offering

Jayson Derrick
Edited by
News
Semler Scientific buys 215 more Bitcoin, raises $21.5m in equity offering

Semler Scientific, a healthcare-focused medical equipment company, has updated investors on its Bitcoin holdings. It now owns $114 million worth of Bitcoin.

Between Nov. 6 and Nov. 15, Semler acquired 215 Bitcoin for $17.7 million, averaging $82,502 per Bitcoin. The company now holds 1,273 Bitcoins, purchased at a total cost of $88.7 million, with an average price of $69,682 per Bitcoin, according to a press release.

As of the time of writing, Bitcoin (BTC) is trading at $90,400. 

In May, Semler announced its first purchase under its new reserve strategy, buying 581 BTC for $40 million. This purchase led to a 25% increase in its stock price at that time. The company highlighted Bitcoin’s potential as an inflation hedge and safe haven, citing its unique scarcity and resilience.

ATM offering 

The company also announced it raised $21.5 million through an at-the-market offering, selling 505,544 shares under its Controlled Equity Offering agreement with Cantor Fitzgerald. This funding supports its Bitcoin purchases and other operational needs.

Semler tracks the success of its Bitcoin strategy with a metric called BTC Yield. BTC Yield measures changes in the ratio of the company’s Bitcoin holdings to its diluted shares outstanding, according to the release.

From Oct. 1 to Nov. 15, its BTC Yield was 18.9%, and from July 1 to November 15, 2024, it reached 37.3%.

The company cautioned that BTC Yield is not a traditional financial measure and should be seen as one factor in assessing its Bitcoin treasury strategy.