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Semler Scientific Buys 871 Bitcoin, Yields Exceed 150%

Semler Scientific Buys 871 Bitcoin, Yields Exceed 150%

After going on a recent buying binge, Semler Scientific currently owns 3,192 Bitcoin, making it the tenth-largest corporate holder of the cryptocurrency.

Semler Scientific, a software and healthcare technology company, reported that it had acquired approximately $88 million worth of Bitcoin in recent weeks, resulting in a paper gain of more than 150%.

In a press release on February 4, Semler stated that it had acquired 871 Bitcoin.

$88.5 million, or BTC$97,862, between January 11 and February 3, at an average buying price of $101,616 per BTC.

Additionally, it recorded an overall yield of 152% from July 1 to February 3, the first full quarter following the adoption of its Bitcoin treasury policy. It reported a 22% yield thus far this year.

At an average purchase price of $87,854 per coin, Semler acquired 3,192 Bitcoin for $280 million as of February 3. The investment is valued at approximately $313 million at current market pricing.

Semler monetized some of its minority stake in Monarch Medical Technologies and offered senior convertible notes to finance their cryptocurrency investment.

Semler revealed plans on January 23 to raise $75 million for its Bitcoin strategy through a private issuance of convertible senior notes.

The chairman of Semler Scientific, Eric Semler, stated that the company was “happy to have monetized a part of our investment in Monarch Medical to buy more Bitcoin.” He added, “We are thrilled with the progress we are making in growing our Bitcoin stockpile.”

BTC yield and basic and assumed diluted shares outstanding. Source: Semler
BTC yield and basic and assumed diluted shares outstanding. Source: Semler

According to Bitcoin Treasuries, Semler is now the tenth-largest corporate holder of Bitcoin based on the most recent data.

In November, Doug Murphy-Chutorian, CEO of Semler Scientific, stated that the company was still “laser-focused” on purchasing and retaining Bitcoin.

The largest corporate Bitcoin holder in the world, MicroStrategy, suspended its purchases on February 3 and declared that it would retain its present holdings of 471,107 Bitcoins, valued at over $46 billion.

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