tl;dr
Semler Scientific (SMLR) has purchased an additional 871 Bitcoin (BTC) for $88.5 million, funded by proceeds from a senior convertible notes offering and the sale of its stake in Monarch Medical Technologies. The average price per BTC, including fees, was $101,616. This acquisition brings Semler Sci...
Semler Scientific (SMLR) has acquired an additional 871 Bitcoin (BTC) for $88.5 million, funded by proceeds from a senior convertible notes offering and the sale of its stake in Monarch Medical Technologies. The average price per BTC, including fees, was $101,616. This acquisition brings Semler Scientific's Bitcoin treasury to 3,192 BTC, with a total expenditure of $280.4 million, averaging $87,854 per BTC. The company's potential profit at the current Bitcoin price of $99,000 would be approximately $35.58 million.
This move positions Semler Scientific as one of 29 publicly traded companies holding Bitcoin on their balance sheets, and the stock market has reacted positively, with its share price experiencing significant increases. Despite market volatility in January 2025, Semler Scientific remains committed to its belief in Bitcoin as the ultimate hedge and a more reliable store of value than traditional assets.
The timing of this latest purchase is interesting. January 2025 was not exactly a slow period for Bitcoin. There were a lot of market swings and uncertainty, so it is no surprise that there was some hesitation. But Semler is not second-guessing himself. He is sticking to his vision, inspired by Michael Saylor himself, believing that Bitcoin is the ultimate hedge and a more reliable store of value than gold or even the U.S. dollar. They are doubling down, and so far, it is working.