Publicly Traded Semler Scientific Buys Millions More in Bitcoin

CN
Decrypt
Follow
13 hours ago

Medical device company Semler Scientific purchased another 165 Bitcoin for $15.7 million between the dates of April 25-29, bolstering its Bitcoin treasury to 3,467 BTC. 


The purchase marks the firm’s second major Bitcoin acquisition in the last week after it announced that it added 111 BTC for $10 million on April 25. As of Wednesday, Semler’s Bitcoin treasury is valued at more than $327 million.


“We bleed orange,” Semler Scientific Chairman Eric Semler posted on X (formerly known as Twitter), just days after telling shareholders they could “stop or sell if you don’t like what we’ve done with Bitcoin.” 





Semler’s plans with the top cryptocurrency don’t appear to be ending anytime soon. The firm recently filed to raise up to $500 million through a new securities offering, with plans to use a portion of the funds to purchase Bitcoin. 


The firm has been aggressively purchasing Bitcoin since last year, following the playbook created by Strategy (formerly MicroStrategy) and its Chairman and major Bitcoin proponent, Michael Saylor. He chimed in on Semler’s most recent purchase to compliment the firm’s “impressive” BTC yield of 23.8% year-to-date. 



BTC yield, a metric popularized by Saylor and Strategy, refers to the ratio of a company's Bitcoin holdings and its assumed shares outstanding. For comparison, Strategy, the largest publicly traded holder of Bitcoin with more than 2.5% of the total supply, only has a 13.7% BTC yield year-to-date


The two most recent Semler purchases follow other major purchases from the publicly traded med-tech company, including one for $88.5 million worth in February.


At 3,467 BTC, the company’s Bitcoin treasury sits just outside the top 10 ranking among publicly traded companies. 


Shares of Semler Scientific, which trades on the Nasdaq as SMLR, were down 4.83% today. The price of the company’s shares have dropped by more than 40% year-to-date and trade at $32.33 as of market close.


Edited by Andrew Hayward


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

OKX:注册返20%
链接:https://www.okx.com/zh-hans/join/aicoin20
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink