Semler Scientific buys more Bitcoin, now holds 2,084 BTC

Semler Scientific, a company focused on technology solutions for healthcare providers, announced an update on its Bitcoin holdings.

Between December 5 and December 15, 2024, the company purchased an additional 211 Bitcoin (BTC) for $21.5 million, bringing its total holdings to 2,084 BTC.

The last purchase was made at an average price of $101,890 per Bitcoin, including fees and expenses. The total value of Semler’s Bitcoin holdings currently stands at $168.6 million, based on the average purchase price of $80,916 per Bitcoin.

Semler’s Bitcoin purchase was funded by proceeds from its launch and operating cash flow. The company is Cantor Fitzgerald & Co. It uses its Controlled Stock Offering SM Sales Agreement with Semler for its ATM program, which allows Semler to periodically offer and sell common stock to raise capital.

Semler Scientific purchased 211 BTC at ~$101,890 for ~$21.5 million #bitcoin and has produced a 67.0% QTD and 92.8% BTC Return since adopting our BTC treasury strategy in May. As of 15.12.24, we held 2,084 units $BTC Bought for ~$168.6 million at ~$80,916 per Bitcoin. $SMLR

— Eric Semler (@SemlerEric) December 16, 2024

Semler’s ATM offer

As of December 16, 2024, Semler has generated approximately $100 million in gross revenue from its ATM offering since its launch in August 2024.

Additionally, the company has filed a second prospectus supplement to the S-3 Shelf Register for the purpose of offering an additional $50 million of shares under the ATM offering. This move will bring the total amount offered under the ATM program to $150 million.

Along with the Bitcoin purchase, Semler also highlighted the company’s 92.8% Bitcoin return, which is a key performance indicator for cryptocurrency investments.