Key Takeaways
- With the new purchase, Semler Scientific now holds a total of 3,303 bitcoins.
- The company disclosed that it spent $10 million on the latest acquisition, paying an average of $90,124 per bitcoin.
Semler Scientific, a medical technology firm listed on Nasdaq under the ticker SMLR, has significantly expanded its bitcoin holdings, purchasing an additional 111 bitcoins between February 14 and April 24, 2025. The company disclosed that it spent $10 million on the latest acquisition, paying an average of $90,124 per bitcoin.
With the new purchase, Semler Scientific now holds a total of 3,303 bitcoins. The company reported that its total bitcoin investment amounts to approximately $290.4 million.
The money to acquire more bitcoin was raised via an at-the-market (ATM) equity offering program and existing cash reserves.
Earlier, Semler Scientific had entered a Controlled Equity Offering Sales Agreement, initially with Cantor Fitzgerald, under which it issued over 2.4 million shares and secured around $126 million in net proceeds. Following the establishment of a new ATM program on April 22, 2025, the company ceased sales under the previous arrangement.
The new agreement, involving firms including Barclays Capital, Canaccord Genuity LLC, and Cantor Fitzgerald, enables the issuance and sale of up to $500 million in common stock. By April 24, Semler Scientific had sold 57,100 shares under this new framework, raising approximately $2 million.
Speaking about the firm’s strategy, Chairman Eric Semler reiterated a firm stance on holding Bitcoin through market fluctuations. Addressing investors at the Bitwise Bitcoin Standard Corporation Investor Day event in New York, he said, “You can sell or stop if you don’t like what we’ve done with Bitcoin. We’re a public company. You have that right to sell or stop. If we lose money by Bitcoin, it’s not gonna force us to sell.”
Semler Scientific has cited Bitcoin’s year-to-date yield as a key metric for evaluating its strategy. As of April 24, the company reported a 23.5% bitcoin yield, a decrease from the 152.2% yield noted in February. This metric measures the percentage change between the amount of Bitcoin held and the company’s fully diluted share count.
Semler Scientific first entered the Bitcoin market in 2024 with an initial purchase of 581 bitcoins for approximately $40 million.
