Researcher Organization Boosts Bitcoin Portfolio, Now Owning 3,634 Bitcoins after Latest Acquisition of 167 Coins
In A Nutshell:Semler Scientific, a medtech firm, splurged on some digital gold last week, forking out $16.2 million on 167 bitcoins. This move bumped up their bitcoin stash to 3,634 coins, worth a cool $322.3 million. Guess who's footing the bill? You got it – stock sales.
The Juicy Details:Semler's not just playing the healthcare game anymore. They're now betting big on Bitcoin too. The reasoning? Bitcoin as a long-term treasury asset to hedge against economic crises, backed by the growing institutional acceptance and improved custody solutions.
Remember, they're not borrowing to buy bitcoins – they're selling shares instead. Why? To maintain operational flexibility, dodge debt-related interest obligations, and accelerate their bitcoin currency collection.
The Game Plan:Semler's been using ATM equity offerings – a method that lets them sell shares according to market prices without a specific offering date – to finance their bitcoin spree. And they've got big plans – aiming to collect $500 million to power their bitcoin purchasing power.
Bitcoin Bonanza:Jump into the time machine with me. Since May 2024, Semler's been on a bitcoin buying spree, amassing 3,303 coins (worth around $309.1 million as of April 2025). They picked up 111 more in April 2025 at an average price of $90,090 per coin.
The Impact:This bitcoin binge has transformed Semler into a hybrid investment vehicle, connecting their stock performance to Bitcoin price movements. It's like they've hitched a ride on the Bitcoin rollercoaster while continuing their medtech marathon. The ride started with a boost to their stock price but introduced some volatility risks, so strap in tight!
Semler Scientific, having sold shares, funded the purchase of $16.2 million worth of 167 bitcoins in April 2025, adding to their existing 634 bitcoins as part of their strategy to invest in Bitcoin for its potential as a long-term treasury asset. This Ul-financed move aimed to accumulate a total of 4,711 bitcoins, and Semler plans to collect $500 million through ATM equity offerings to achieve this goal.
