As a seasoned analyst with over two decades of experience in the financial industry, I find Semler Scientific’s strategic move to be both intriguing and prudent. In my view, the company’s aggressive yet calculated approach towards Bitcoin adoption is a testament to its forward-thinking leadership and risk management capabilities.
Semler Scientific boosted its Bitcoin holdings by approximately $30 million recently, and has seen a return of 58.4% on their investment in Bitcoin since implementing their cryptocurrency strategy.
Semler Scientific, a business focused on healthcare technology, recently increased its ownership of Bitcoin. They bought 297 Bitcoins worth approximately $29.1 million between November 18th and 22nd, with each Bitcoin costing an average of around $97,995, as stated in a press release dated November 25th.
Due to recent cryptocurrency purchases, the company currently owns a total of 1,570 Bitcoins, which they bought for a combined total of $117.8 million and an average price of approximately $75,039 per Bitcoin, according to the press statement.
Earlier this year, the digital health company implemented a Bitcoin savings approach and has since seen a 58.4% return on its Bitcoin investment from July 1 to the present. Over the past six weeks, from October 1 to November 22, Semler managed a 37.1% BTC return. As previously reported by crypto.news, Semler’s Bitcoin strategy performance is monitored using a metric called BTC Yield, which calculates the variation in the company’s Bitcoin holdings compared to its total number of diluted shares.
Semler doubles ATM equity offering
Eric Semler, chairman of Semler Scientific, emphasized the company’s achievement in utilizing Bitcoin as a strategic resource, expressing his team’s excitement about the “impressive 58.4% return on Bitcoin (BTC) and the significant advancements we are making to amass Bitcoin on our financial records, which is proving to be highly beneficial for our shareholders.
Moreover, Semler made changes to its investment strategies in capital markets. The company based in Santa Clara expanded the scope of its at-the-market equity offering, effectively doubling it to a total of $100 million. As stated in the press release, up until November 22nd, Semler had managed to collect $50 million through this program in gross proceeds.
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2024-11-25 16:30