Semler Scientific Boosts Bitcoin Holdings with $88.5 Million Investment
Semler Scientific Expands Bitcoin Holdings
Semler Scientific (NASDAQ:SMLR) has added 871 Bitcoin (BTC) to its treasury, investing $88.5 million between January 11 and February 3. This purchase brings the company's total Bitcoin holdings to 3,192 BTC, with a cumulative investment of $280.4 million. The average purchase price per BTC was $101,616, including fees.
Funding Sources and Profit Potential
The funds for this investment were sourced from the proceeds of its January 2025 senior convertible notes offering and cash generated from selling part of its stake in Monarch Medical Technologies (TASE:PMCN). At the current Bitcoin price of $99,000, Semler Scientific's Bitcoin holdings represent a potential profit of approximately $35.58 million.
Market Reaction and Strategic Vision
Semler Scientific joins an exclusive group of 29 publicly traded companies holding Bitcoin on their balance sheets. The company's stock has seen significant growth since its initial Bitcoin announcement in May 2024, with shares surging 223% at their peak and currently trading 105% higher than pre-announcement levels.
The timing of this investment is notable, as it coincided with market volatility in January 2025. Despite uncertainty, Semler Scientific remains committed to its Bitcoin strategy, inspired by Michael Saylor's vision of Bitcoin as a superior store of value compared to gold or the U.S. dollar. This long-term approach continues to yield positive results.
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