Semler Scientific expands Bitcoin holdings to 3,192 BTC

Semler Scientific has expanded its Bitcoin holdings, acquiring an additional 871 BTC for $88.5 million.

Between January 11 and February 3, Semler made this Bitcoin (BTC) purchase, which was funded through proceeds from a senior convertible notes offering and the partial monetization of its stake in Monarch Medical Technologies, according to Semler’s press release.

With this latest acquisition, Semler Scientific now holds 3,192 BTC, purchased at an average price of $87,854 per Bitcoin, totalling $280.4 million. The company has reported a year-to-date BTC Yield of 21.9%, with a 152.2% return since adopting its Bitcoin treasury strategy in July 2024.

Chairman Eric Semler highlighted strong investor demand for the firm’s convertible notes and the company’s commitment to Bitcoin accumulation. “We are thrilled with the progress we are making in growing our bitcoin stockpile,” Semler said.

The medical device manufacturer has previously stated that it is “laser focused” on acquiring and maintaining a larger Bitcoin reserve.

Convertible senior notes

The company previously announced a $75 million private offering of convertible senior notes to institutional buyers, with proceeds earmarked for Bitcoin purchases. 

The notes, due in 2030, will accrue interest semiannually and may be settled in cash, stock, or a combination of both upon conversion.

These purchases are similar to those made by other corporations, such as Microstrategy and Genius Group, which have gained traction in the crypto space by acquiring Bitcoin as part of their financial strategy.