Healthcare Giant Semler Scientific Bags More BTC with $23M Treasury Play

Key Takeaways:

• Semler Scientific invested $23.3 million to purchase 237 Bitcoin between Dec. 16, 2024, and January 10, 2025.
• The company’s total Bitcoin holdings now total 2,321 BTC, valued at approximately $221 million at current prices.
• Semler’s Bitcoin strategy has demonstrated 99.3% yield efficiency, highlighting its profitability since implementation.

Nasdaq-listed healthcare technology firm Semler Scientific has stepped up its Bitcoin-centric strategy, announcing the acquisition of 237 BTC for $23.3 million. 

The purchases, made over four weeks between December 16, 2024, and January 10, 2025, were funded through a mix of at-the-market (ATM) offerings and operating cash flow.

Semler Scientific's Expanding Bitcoin Treasury

According to the company’s press release, this latest acquisition brings Semler’s total Bitcoin holdings to 2,321 BTC, acquired at an average cost of $82,687 per Bitcoin. 

As of January 10, these assets are valued at $221 million based on the cryptocurrency’s current price.

Semler Scientific has acquired 237 BTC for ~$23.3 million at ~$98,267 per #bitcoin and has generated BTC Yield of 99.3% since adopting our BTC treasury strategy in May 2024. As of 1/10/2025, we held 2,321 $BTC acquired for ~$191.9 million at ~$82,687 per bitcoin. $SMLR

— Eric Semler (@SemlerEric) January 13, 2025

Since announcing its initial Bitcoin treasury strategy in May 2024, Semler has remained “laser-focused” on expanding its reserves. 

CEO Doug Murphy-Chutorian reiterated the company’s commitment: “We will continue to pursue our strategy of purchasing Bitcoins with cash.”

Semler’s strategic pivot to Bitcoin has paid off handsomely. The company has raised $121.8 million in gross proceeds from its ATM offering, with an additional $50 million expansion announced in December 2024. 

These funds have been instrumental in financing Bitcoin acquisitions while strengthening the company’s overall financial position.

Semler’s Bitcoin yield, a key performance indicator (KPI) popularized by MicroStrategy, has reached an impressive 99.3% since its introduction in July 2024. 

This metric underscores the efficiency of Semler’s Bitcoin strategy, which has outperformed traditional treasury management approaches.

Semler Stock Market Surges As Corporate Bitcoin Adoption Gains Momentum

The market has responded favorably to Semler’s Bitcoin adoption. Since the initial announcement in May 2024, the company’s stock (ticker: SMLR) has surged over 52%, reflecting growing investor confidence. 

This mirrors trends seen with other Bitcoin-focused companies like MicroStrategy, whose stock has risen by approximately 2,000% since initiating its Bitcoin strategy in 2020.

Everyone is talking about, MicroStrategy, $MSTR:

The stock is up more than EVERY S&P 500 component in 2024 with just $116 million in quarterly revenue.

In fact, $MSTR is now up nearly TRIPLE as much as Nvidia YTD.

What is MicroStrategy doing and is it a bubble?

(a thread)

— The Kobeissi Letter (@KobeissiLetter) November 24, 2024

Semler is not alone in leveraging Bitcoin as a corporate asset. Other companies, such as Hoth Therapeutics, Genius Group, and Rumble, have followed MicroStrategy’s playbook, collectively driving corporate Bitcoin treasuries to exceed $54 billion in holdings. 

Among public companies, Semler now ranks 12th in Bitcoin treasury size.

In a related development, Italy’s largest bank, Intesa Sanpaolo, executed its first Bitcoin trade, purchasing 11 BTC for $1 million. 

This move, revealed through a leaked internal email, could signal a broader wave of institutional adoption, especially in Europe, where 1.4 million Italians currently hold cryptocurrencies valued at €2.2 billion.

Intesa Sanpaolo’s Head of Digital Assets Trading & Investments, Niccolò Bardoscia, expressed optimism about future investments, signaling a potential shift in the traditional banking sector.