Semler Scientific tops Bitcoin Stash with $30M buyout

Healthcare technology provider Semler Scientific has increased its bitcoin holdings again with a $30 million purchase, bringing its total holdings to 1,873 BTC.

According to an official statement, Semler Scientific bought 303 BTC between November 25 and December 4 at an average price of $96,779 per bitcoin, including fees and expenses. The company made the purchases using proceeds generated by its IPO.

Semler announces new BTC purchase

After the latest purchase, Semler said he had spent $147.1 million to acquire his bitcoins at an average of $78,553 per asset. At the current bitcoin price of $98,450, the storage is worth more than $184.39 million. When BTC topped $103,000 on December 5, Semler’s portfolio was valued at over $192 million.

Currently, the health care provider has unrealized profits of up to $37.29 million. The company revealed that its BTC return was 54.7% from October 1st to December 4th, which represents a remarkable growth for the quarter. Since July 1, 2024, the quarter after Semler Scientific adopted its Bitcoin treasury strategy, the company’s BTC return has amounted to 78.7%.

Semler President Eric Semler said: “We are very pleased to report a BTC return of 78.7%. We have also applied for approval from options exchanges to allow trading of options on our shares as we believe we meet their eligibility requirements.

The 14th largest public BTC holder

Since Semler Scientific adopted Bitcoin seven months ago, the company has periodically bought the leading cryptocurrency. These purchases have been financed with the proceeds from the sale of its common stock.

The last BTC acquisition was in mid-November, and the move added 297 BTC to Semler’s bitcoin balance, bringing his stash to 1,570 BTC. With the most recent purchase increasing the company’s bitcoin holdings to 1,873 BTC, Semler is now the 14th largest public company holding bitcoins, according to data from Bitcoin treasury site BitBo.

Meanwhile, Semler Scientific isn’t the only company that has been quick to snap up BTC recently. Business intelligence firm MicroStrategy, the largest holder of publicly traded BTC, announced that it had increased its deposit to 402,100 earlier this week after acquiring 15,400 bitcoins worth approximately 1.5 billion dollars

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