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Semler Scientific has acquired 175 Bitcoin for $20.8 million, using proceeds from its recent ATM offering. According to an SEC filing, the average purchase price was $119,230 per Bitcoin. This latest buy brings the company’s total holdings to 5,021 BTC, valued at approximately $595 million as of early Thursday morning.
Bitcoin traded slightly higher at $118,500 in pre-market hours, following a recent all-time high above $120,000. Semler’s stock rose 0.46% in pre-market trading, though retail sentiment on Stocktwits slipped into bearish territory. The company reported a 31.3% year-to-date return on its Bitcoin investment through July 23.
Semler began using Bitcoin as its primary treasury asset in May 2024 and plans to significantly expand its holdings. The company aims to reach 10,000 BTC by the end of the year, 42,000 by the end of 2026, and 105,000 by 2027. It will fund this strategy through a mix of equity, debt, and operational cash flow.
