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? 🥂💍
Read More
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2025-02-04 18:52