- Semler Scientific buys $21.5 million in Bitcoin, maintaining its plan.
- Bitcoin yields are at 92.8% after the launch of the BTC treasury scheme.
As a seasoned analyst with over two decades of experience in the financial markets, I find Semler Scientific’s Bitcoin strategy both intriguing and strategic. The company’s long-term commitment to Bitcoin, despite being primarily focused on chronic illness technology solutions, demonstrates a forward-thinking approach that is not commonly seen among its peers.
Known for its pioneering role in managing chronic conditions via technology, Semler Scientific, has reportedly made a move to invest $21.5 million into Bitcoins as part of their long-term financial strategy. This is one of the significant steps they’ve taken towards their Bitcoin treasury program. The company initiated this program a few months back in 2024.
As a crypto investor, I’m excited to share that Semler Scientific has decided to purchase approximately 211 Bitcoins, with an average value of $101,890 each. This acquisition adds up to a significant total value of around $21.5 million.
Semler’s Bitcoin Push Has Increased the Number of Shares
The business’s approach to Bitcoin, currently holding 2,084 Bitcoins purchased at a total cost of $168.6 million, underscores the growing importance of cryptocurrencies within its investment strategy in capital markets. Notably, this move signals a strategic diversification for a company specializing in technology solutions for chronic illnesses.
Semler Scientific expanded the maximum number of shares it can sell under its at-the-market (ATM) program to $150 million. This adjustment became effective on December 16, 2024. The company had already reached a milestone of $100 million by December 13, 2024. Furthermore, it entered into an agreement with Cantor Fitzgerald & Co. to utilize a Controlled Equity Offering.
As an analyst, I’ve observed a significant growth in the number of outstanding shares for the company due to the rise in Bitcoin. Specifically, the outstanding shares have swelled from approximately 6.99 million in June 2024 to 9.27 million as of December 2024. When considering diluted shares, the figure stands at 9.97 million. Semler, our spokesperson, acknowledged this increase but highlighted that numerous factors impact the stock price. He underscored the fact that the value of the company’s Bitcoins is just one piece of the puzzle influencing the stock’s worth.
Semler remains dedicated to its approach involving cryptocurrencies, viewing it as a crucial piece in its grand financial plan. Nevertheless, it’s important to note that BTC Yield doesn’t represent the performance outcomes for shareholders. Instead, it serves as a guide for management, indicating the strategies they’ve initiated with the goal of creating long-term value for shareholders.
MicroStrategy is indeed a substantial organization, boasting a significant amount of Bitcoins. However, when it comes to strategy, this fact becomes more important. For Semler Scientific, Bitcoin continues to be the cornerstone for their long-term expansion and growth.
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2024-12-19 21:11