Semler Scientific Expands Bitcoin Holdings to Become 14th Largest Corporate Holder
Semler Scientific, a Nasdaq-listed healthcare technology company, has significantly increased its Bitcoin holdings. The firm acquired an additional 210 BTC for $25 million, bringing its total to 4,846 BTC valued at over $570 million. This strategic move positions Semler as the 14th largest corporate holder of Bitcoin globally.
Funding the Bitcoin Acquisition
Semler financed its latest Bitcoin purchase through proceeds from its common stock offering. The company partnered with leading financial institutions including Barclays Capital and Cantor Fitzgerald to sell shares under an at-the-market program. By mid-July, Semler had successfully sold 4.4 million shares, generating $175 million in capital.
The Growing Trend of Corporate Bitcoin Accumulation
- Bitcoin serves as an effective hedge against inflation
- Offers potential for long-term value appreciation
- Gains increasing acceptance among institutional investors
Following the strategy pioneered by MicroStrategy, Semler now holds Bitcoin as part of its treasury reserves. The company tracks the effectiveness of this approach through its BTC Yield metric, which currently stands at an impressive 30.3% year-to-date.
Current Bitcoin Market Trends
At the time of Semler’s purchase, Bitcoin was trading at $119,699, reflecting a 16% increase over the previous month. This upward trend underscores the growing confidence in Bitcoin among corporate investors.
Expert Perspective on Corporate Crypto Adoption
“The move by Semler Scientific demonstrates the maturing role of Bitcoin in corporate treasury management,” observes Brenda Ngari, a cryptocurrency market analyst. “We’re seeing a clear trend of public companies diversifying into digital assets.”
