Semler Scientific Expands Bitcoin Holdings to 1,273 BTC and Reports 37.3% BTC Yield
Semler Scientific, a healthcare technology leader dedicated to combating chronic diseases, has made waves with its latest financial updates. The company announced a significant expansion of its Bitcoin holdings, acquiring an additional 215 BTC, and taking a leaf out of MicroStrategy’s book, has begun reporting its BTC Yield, as a key performance indicator for its Bitcoin treasury strategy. Alongside these moves, Semler has also raised $21.5 million through an at-the-market (ATM) equity offering.
This bold strategy underscores Semler’s commitment to innovation, not only in healthcare but also in financial management, setting an example for other corporations considering Bitcoin adoption.
A Deeper Dive into Semler’s Bitcoin Activity
Between November 6 and November 15, 2024, Semler acquired 215 BTC for $17.7 million in cash at an average price of $82,502 per Bitcoin, inclusive of fees. This brings the company’s total Bitcoin holdings to 1,273 BTC, purchased at an aggregate cost of $88.7 million, with an average acquisition price of $69,682 per Bitcoin.
This strategic acquisition places Semler in the growing cohort of companies embracing Bitcoin as a treasury asset to hedge against inflation, diversify reserves, and potentially enhance long-term shareholder value.
BTC Yield: A New Metric for Corporate Bitcoin Strategies
Semler introduced BTC Yield as a key performance indicator (KPI) to measure the accretive value of its Bitcoin strategy. As of November 15, 2024, Semler reported a BTC Yield of:
18.9% for the period between October 1, 2024, and November 15, 2024.
37.3% since adopting its Bitcoin treasury strategy in the second quarter of 2024.
BTC Yield reflects the percentage change in the ratio between Bitcoin holdings and assumed diluted shares outstanding, helping Semler assess the impact of its Bitcoin acquisitions on shareholder value.
Eric Semler, the company’s chairman, remarked, “We have achieved a BTC Yield of 37.3% since adopting our Bitcoin treasury strategy. We believe this demonstrates substantial Bitcoin accretion for our stakeholders.”
Capital Raise through ATM Equity Offering
Semler’s ATM equity offering, conducted under its Controlled Equity Offering Sales Agreement with Cantor Fitzgerald, raised $21.5 million through the sale of 505,544 shares of common stock. This capital enables Semler to sustain its strategic initiatives, including expanding its Bitcoin holdings and bolstering its healthcare technology operations.
Why Semler’s Bitcoin Strategy Matters
Semler’s embrace of Bitcoin highlights the growing trend of corporate Bitcoin adoption across industries beyond technology and finance. By integrating Bitcoin into its treasury, Semler:
Diversifies Reserves: Reducing reliance on traditional fiat-based holdings.
Enhances Long-Term Value: Leveraging Bitcoin’s scarcity and deflationary nature.
Pioneers Corporate Metrics: Introducing BTC Yield as an innovative way to evaluate Bitcoin’s contribution to shareholder value.
Semler’s leadership in this space could inspire other companies to explore Bitcoin as a strategic asset, particularly those looking to align with emerging financial trends.
Looking Ahead
As Semler continues to expand its Bitcoin holdings and refine its treasury strategy, its innovative approach serves as a case study for corporate Bitcoin adoption. By coupling its healthcare innovation with bold financial strategies, Semler is not just treating chronic diseases but also redefining how companies can leverage Bitcoin to deliver value to shareholders.
Stay tuned to Bitcoin on Balance for the latest updates on Bitcoin adoption and its transformative impact on corporate finance.
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