Semler Scientific purchases additional Bitcoin worth $23 million
Semler Scientific has acquired an additional 237 Bitcoin for approximately $23 million, bringing its total holdings to 2,321 BTC worth nearly $192 million as of January 13, 2025. The company utilized proceeds from stock sales and operating cash flow to fund this purchase, achieving an average cost basis of less than $83,000 per coin. This latest investment boosted Semler's 'Bitcoin yield' from 72.6% to 99.3%, which measures BTC holdings relative to outstanding shares. Semler has issued over $120 million in stock to finance its Bitcoin acquisitions since beginning its purchasing strategy. Semler's Bitcoin treasury ranks 13th among public companies, following the lead of Microstrategy, which has seen substantial gains since its initial investment in Bitcoin. The article also notes a broader trend of corporate treasuries accumulating Bitcoin as a hedge against economic uncertainty.
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