As an experienced analyst with a keen eye for strategic investments, I find Semler Scientific’s Bitcoin strategy intriguing and well-executed. The company’s calculated approach to acquiring Bitcoin as a part of its reserve strategy is reminiscent of a savvy gold miner stashing away precious nuggets during the Gold Rush.
Semler Scientific, a firm specializing in healthcare and medical equipment, has disclosed its Bitcoin investments to shareholders. Currently, the value of these Bitcoins stands at approximately $114 million.
From November 6th to November 15th, Semler procured 215 Bitcoins at a cost of $17.7 million, which equates to approximately $82,502 per Bitcoin. As of the press release, the company now owns a total of 1,273 Bitcoins, acquired for a grand sum of $88.7 million. This means that on average, they spent around $69,682 per Bitcoin.
As of the time of writing, Bitcoin (BTC) is trading at $90,400.
Back in May, I made my first significant investment under our new reserve strategy – purchasing 581 Bitcoins for a cool $40 million. This move sent our stock soaring by 25% at the time. We emphasized Bitcoin’s potential as an inflation guard and safe harbor, pointing out its unique scarcity and robustness.
ATM offering
Additionally, the company disclosed they secured $21.5 million by issuing shares through a public offering, specifically 505,544 shares, as part of their arrangement with Cantor Fitzgerald under their Controlled Equity Offering. This capital will be utilized for Bitcoin acquisitions and other operational expenses.
As an analyst, I follow the performance of our Bitcoin strategy by utilizing a key indicator known as BTC Yield. This measure is calculated by comparing the value of our Bitcoin assets to the total number of diluted shares that we have issued, as detailed in our latest announcement.
Between October 1st and November 15th, the yield of Bitcoin (BTC) was approximately 18.9%, while from July 1st to November 15th, 2024, it peaked at around 37.3%.
The firm advises that BTC Yield isn’t a standard financial indicator, but rather something to consider when evaluating their approach towards managing their Bitcoin reserves.
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2024-11-18 18:38