Semler Scientific Expands Bitcoin Holdings with $3M Purchase, Now Holds 1,058 BTC

• Semler Scientific added 47 bitcoins for $3 million, funded by operational cash, reaching 1,058 bitcoins in total holdings.
• With $71M invested in Bitcoin since May 2024, Semler strategically diversifies its treasury amid strong healthcare sector performance.
• Semler’s ATM program provides liquidity for Bitcoin buys, raising $2.5M through stock sales under its Cantor Fitzgerald partnership.

Semler Scientific, known for its healthcare innovations, has deepened its commitment to Bitcoin, recently acquiring an additional 47 bitcoins for $3 million. This purchase, funded from the company’s operational cash flow, reflects Semler’s ongoing strategy of diversifying its treasury by accumulating Bitcoin. Since adopting this strategy on May 28, 2024, Semler Scientific has invested a total of $71 million into Bitcoin, amassing 1,058 bitcoins as of November 4, 2024.

Recent Purchase from Operational Cash Flow Boosts Bitcoin Holdings

According to Semler’s third-quarter report ending September 30, 2024, the company purchased the 47 additional bitcoins after August 26, 2024. This transaction demonstrates the company’s commitment to using its cash flow to fuel its Bitcoin accumulation strategy. Semler’s bitcoin investment approach is highlighted alongside strong financial performance in its healthcare sector. In the third quarter, Semler reported income from operations of $5.1 million, underscoring the financial health that supports its treasury diversification.

Semler’s CEO, Doug Murphy-Chutorian, stated that the company remains focused on growing its Bitcoin holdings while supporting the expansion of its healthcare offerings. This dual focus allows Semler to invest in new financial assets while strengthening its core business operations in healthcare.

Stakeholder Value Maximization with Strategic Bitcoin Accumulation

In addition to operational cash flow, Semler is exploring additional financing routes to support its Bitcoin acquisitions. Eric Semler, the company’s chairman, emphasized that the acquisition strategy aims to enhance stakeholder value. 

Through a strategic blend of operational funds and additional financing, Semler plans to increase its Bitcoin holdings even further. This strategy includes utilizing proceeds from its At-the-Market (ATM) offering program.

As disclosed in a recent statement, Semler Scientific entered a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co., effective August 13, 2024. This agreement permits Semler to issue up to $50 million in stock sales, with net proceeds of $2.5 million reported as of September 30, 2024. These funds contribute to the company’s cash reserves, facilitating potential future Bitcoin purchases.

ATM Program Sales Reinforce Bitcoin Purchasing Power

Semler’s ATM program has added another layer of liquidity to support its Bitcoin accumulation plan. To date, Semler has sold 86,734 shares under this program, boosting its financial flexibility. 

This strategic cash flow is intended to enable further Bitcoin purchases without affecting the company’s healthcare operations. Through this approach, Semler Scientific combines its core operational success with a financial strategy geared toward maximizing its Bitcoin holdings.