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  • Debashree Patra
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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundaryโ€ฆconnect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

    • 2 minutes read

    Semler Scientific Bitcoin Acquisition Surges Amid Crypto Market Boom

    Story Highlights
    • Semler Scientific boosts Bitcoin holdings to 1,873 BTC, investing $29.3M at an average of $96,779 per BTC to align with shareholder interests.

    • New BTC Yield metric shows a 78.7% rise, reflecting Bitcoin's role in enhancing shareholder equity, despite market volatility risks.

    Semler Scientific, a healthcare technology company known for its innovative solutions, has taken a major step into the cryptocurrency world. The company has significantly expanded its Bitcoin holdings, now sitting on 1,873 BTC, with an average purchase price of $78,553 per Bitcoin. Between November 25 and December 4, 2024, Semler acquired 303 BTC for $29.3 million, averaging a cost of $96,779 per Bitcoin. This aggressive move is part of their broader strategy to integrate Bitcoin into their financial operations, which they claim aligns with shareholder interests.

    Semler Scientific has reported a 13.32% drop in short interest, with 892,000 shares now sold short, representing 13.28% of its tradable shares. Based on current trading volumes, it would take traders an average of 1.46 days to cover these positions.

    Funding the Bitcoin Buying Spree

    To fund these purchases, Semler leveraged an at-the-market (ATM) equity offering through its partnership with Cantor Fitzgerald & Co. Initially, they aimed to raise $50 million, but later doubled the offering to $100 million. As of now, theyโ€™ve generated $79.8 million in gross proceeds, fueling their Bitcoin acquisition strategy.

    What is BTC Yield?

    Semler has introduced a unique metric called BTC Yield to gauge the performance of its Bitcoin holdings. BTC Yield reflects the percentage change in the ratio between Bitcoin holdings and outstanding shares. Since the company adopted its Bitcoin treasury strategy in July 2024, their BTC Yield has reached an impressive 78.7%, with a 54.7% boost recorded in the most recent period.

    However, BTC Yield isnโ€™t a profitability metric. It doesnโ€™t represent traditional financial gains but instead highlights how Bitcoin investments align with shareholder equity.

    Balancing Risks and Opportunities

    Eric Semler, the companyโ€™s chairman, expressed optimism about their crypto strategy, emphasizing its potential for long-term shareholder benefits. Beyond Bitcoin, Semler is also seeking approval for options trading on their stock, signaling a diversification of their financial approach.

    That said, the company acknowledges risks, including Bitcoinโ€™s volatility and their reliance on equity sales to fund acquisitions. Moreover, Semler Scientificโ€™s Bitcoin acquisition strategy reflects an assertive stance in the crypto market, with an average purchase price of $78,553 per BTC. The latest acquisition at a premium price of $96,779 per BTC underlines the companyโ€™s unwavering confidence in Bitcoinโ€™s long-term potential.

    Bitcoinโ€™s Current Status

    Bitcoin surged to $103,047.71 early today, marking a significant milestone as its market capitalization climbed 6.84% to $2.03 trillion, according to CoinMarketCap. At the time of writing, the leading cryptocurrency is trading at $102,388.46, reflecting strong upward momentum in the market.

    FAQs

    What is BTC Yield?

    BTC Yield measures the percentage change in Bitcoin holdings relative to shares, showing alignment with shareholder equity, not profitability.

    How much Bitcoin does Semler have?

    Semler Scientific holds 1,873 BTC, acquired at an average price of $78,553, as part of its corporate treasury strategy.

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