Semler Scientific put another $30m in Bitcoin, boosts ATM offering to $100m

Semler Scientific has reported a 58.4% BTC return since adopting the crypto strategy, while expanding its Bitcoin stash with a nearly $30 million acquisition.

Health technology company Semler Scientific increased its Bitcoin (BTC) holdings and purchased 297 BTC for $29.1 million between November 18 and November 22, at an average price of $97,995 per BTC, according to a November 25 press release.

The press release noted that as a result of the company’s recent transactions, its total cryptocurrency holdings now stand at 1,570 BTC, at a total cost of $117.8 million and an average purchase price of $75,039 per BTC.

The healthcare technology firm, which adopted a Bitcoin treasury strategy earlier this year, also reported a 58.4% BTC return since July 1. In the period from October 1 to November 22, Semler achieved a 37.1% BTC return. As crypto.news previously reported, Semler tracks the success of his Bitcoin strategy with a metric called BTC Yield, which measures changes in the ratio of the company’s Bitcoin holdings to diluted shares.

Semler doubles ATM equity offering

Semler Scientific president Eric Semler highlighted the company’s success in using Bitcoin as a strategic asset, saying the team is “thrilled to report the 58.4% BTC Return and the remarkable progress we’ve made to accumulate Bitcoin on our balance sheet in a highly profitable manner.” our stakeholders.”

Semler also updated his capital markets initiatives. The company, headquartered in Santa Clara, doubled its equity offering in the market, bringing its total ATM offering to $100 million. According to the press release, Semler had generated $50 million in gross revenue under the program as of Nov. 22.