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Semler Scientific CEO Eric Semler announced on April 30 via X that the company has acquired an additional 165 Bitcoins for $15.7 million.
The latest purchase brings the company’s total Bitcoin ($BTC) holdings to 3,467 $BTC, now valued at $330.6 million.
$SMLR acquires 165 #bitcoins for $15.7 million and has generated $BTC Yield of 23.8% YTD. Now holding 3,467 $BTC. We bleed orange. 🚀
— Eric Semler (@SemlerEric) April 30, 2025
The acquisition was funded through proceeds from Semler’s ongoing $500 million at-the-market (ATM) equity offering. Between April 25 and April 29, the company sold 559,000 shares, raising approximately $19.5 million.
The average purchase price of a new Bitcoin was $94,931 per coin, while the company’s overall average cost basis is $88,263 per $BTC.
Semler’s Bitcoin reserve strategy
Semler Scientific began accumulating Bitcoin in May 2024, declaring it their primary treasury reserve asset. Initial purchases included 581 $BTC in May, 247 $BTC in July, and 247 more in August.
By October, the firm had ramped up its pace significantly, buying 581 $BTC in one week and ultimately ending 2024 with over 3,000 coins. Since then, it has continued to use equity issuance to build its Bitcoin position.
The company reported a year-to-date $BTC yield of 23.8%, highlighting the performance of its cryptocurrency holdings compared to traditional fiat reserves.
CEO Eric Semler has repeatedly framed Bitcoin as a hedge against inflation and a store of value superior to cash.