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Semler Scientific has increased its bitcoin holdings to 3,467 BTC following a $15.7 million purchase of 165 BTC, achieving a 23.8% year-to-date yield on its bitcoin treasury strategy.
Bitcoin Bet Pays Off As Semler Scientific Reports 23.8% BTC Yield
Semler Scientific (Nasdaq: SMLR) continues to double down on its bitcoin strategy, announcing the purchase of an additional 165 BTC between April 25 and April 29 for $15.7 million. This latest acquisition brings the company’s total holdings to 3,467 BTC, acquired at an average price of $88,263 per coin, inclusive of fees and expenses.
As of April 29, the BTC held by the company was valued at approximately $330.6 million, with the capital for the recent purchase raised through the firm’s at-the-market (ATM) equity offering. Semler Chairman, Eric Semler, shared his excitement on X about the latest acquisition.
Semler reported a year-to-date BTC yield of 23.8%, a key performance indicator it uses to evaluate the effectiveness of issuing equity to acquire bitcoin. The company sees this yield metric as a measure of how its BTC strategy contributes to shareholder value, especially as bitcoin continues to outperform traditional reserve assets.
With one of the largest BTC treasuries among public companies, Semler Scientific is cementing its position as a serious player in the growing list of corporations leveraging bitcoin as a financial hedge and strategic asset.