Semler Scientific Boosts Bitcoin Holdings with Strategic Acquisition
Semler Scientific Expands Bitcoin Investment
Semler Scientific, a NASDAQ-listed healthcare company, has expanded its Bitcoin investment, purchasing 111 BTC for $10 million. This brings their total holdings to 3,303 BTC, valued at approximately $309 million as of April 24.
Strategic Acquisition Details
The acquisition, made between February and April, was executed at an average price of $90,124 per BTC, slightly above the company's overall average of $87,929. Funding for the purchase came from a combination of ATM equity proceeds and existing cash reserves.
Timely Move and Industry Influence
The timing of this move is notable, coming just a day after a Bitcoin strategy event attended by CEO Eric Semler and Michael Saylor of MicroStrategy, a well-known advocate for corporate Bitcoin adoption.
Introducing BTC Yield
Semler Scientific has introduced a new metric, BTC Yield, to measure the effectiveness of their Bitcoin strategy against share dilution. As of now, BTC Yield stands at 23.5% year-to-date, indicating an increase in Bitcoin per diluted share, potentially enhancing shareholder value.
Understanding BTC Yield
While BTC Yield is not a traditional financial metric or a GAAP measure, it serves as a unique KPI to illustrate the company's approach to balancing Bitcoin accumulation with equity management.
Strategic Commitment
This strategic move underscores Semler Scientific's commitment to a long-term Bitcoin investment strategy, influenced by industry leaders and supported by innovative performance tracking.
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