You Won’t Believe What This Medical Device Company Just Did!

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Oh, the delightful absurdity of it all! Semler Scientific has taken a plunge into the turbulent waters of Bitcoin, throwing a spare $88.5 million for an additional 871 BTC. How very avant-garde! 🤑

From January 11 to February 3, this audacious acquisition was accomplished. The funds were scraped together from a senior convertible notes offering and the partial sale of their share in Monarch Medical Technologies. One can only imagine the boardroom shenanigans! 🕴💸

With this latest indulgence, Semler Scientific now boasts a grand total of 3,192 BTC, snagged at the modest average price of $87,854 per Bitcoin. This brings their total splurge to a neat $280.4 million. Meanwhile, the company is cheering about a year-to-date BTC Yield of 21.9% and a rather optimistic 152.2% return since they went all in on Bitcoin in July 2024. Quite the gamble! 🎲💡

Chairman Eric Semler, ever the raconteur, gleefully pointed to the roaring demand for the firm’s convertible notes. His jubilation about accumulating Bitcoin knows no bounds. “We are thrilled with the progress we are making in growing our bitcoin stockpile,” he proclaimed, undoubtedly wearing a Cheshire cat grin. 😸💰

Semler Scientific has sworn allegiance to the great Bitcoin chase, laser-like focus and all. The holy grail of Bitcoin acquisition consumes their every thought. 🔦💼

Convertible Senior Notes: A Poetic Debauchery

In an almost poetic flourish, the company once announced a $75 million private offering of convertible senior notes to institutional buyers, all in the name of Bitcoin. It’s almost Shakespearean! 🎭💼

These notes, destined to mature in 2030, will accrue interest semiannually. Upon conversion, they may be settled in cash, stock, or a tantalizing combination of both. A financial ménage à trois, if you will. 💵💳🔄

Semler isn’t the only one flirting with cryptocurrency. Corporations like Microstrategy and Genius Group have also been seduced by the allure of Bitcoin, incorporating it into their financial strategies. Who says romance is dead? 🥂💍

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2025-02-04 18:52