Semler Scientific, a medical device manufacturer, continues to increase its Bitcoin holdings for its corporate treasury, recently purchasing an additional 303 BTC for $29.3 million. This brings the company’s total Bitcoin holdings to 1,873 BTC with a total cost of $147.1 million, including fees and expenses. The current value of Semler Scientific’s BTC stack is over $184 million at current prices. The company evaluates the success of its BTC acquisition strategy using Bitcoin yield as a key performance indicator, with a yield of 78.7% achieved, showing significant growth for stakeholders.
Semler Scientific first announced its plans to adopt Bitcoin as its primary treasury reserve asset in May, starting with the acquisition of 581 BTC for $40 million. The company’s chairman, Eric Semler, believes that Bitcoin has the potential to generate significant returns as it becomes more widely accepted as digital gold. This move by Semler Scientific is part of a growing trend among companies to invest in Bitcoin for their corporate treasuries, following the example set by MicroStrategy, which has acquired over 402,100 BTC under the leadership of Michael Saylor, now valued at over $39 billion.
Semler Scientific is now the 14th largest Bitcoin holder among publicly traded companies that hold Bitcoin on their balance sheets. Other companies, such as Japanese investment firm Metaplanet and Bitcoin mining giant MARA Holdings, have also announced plans to increase their Bitcoin holdings. MARA Holdings, previously known as Marathon Digital, recently announced an offering of $850 million in convertible senior notes to fund the purchase of additional Bitcoin.
Overall, Semler Scientific’s decision to invest in Bitcoin for its corporate treasury has proven to be successful, with a significant increase in Bitcoin holdings and a high Bitcoin yield. The company’s strategy of using Bitcoin yield as a key performance indicator demonstrates its commitment to transparency and financial growth. As more companies follow suit and adopt Bitcoin as a treasury reserve asset, Bitcoin’s value and importance in the corporate world continue to grow.
