Semler Scientific has made a bold move into the cryptocurrency market by purchasing more Bitcoin between April 30 and May 2 at an average price of $97093 per coin. The Delaware-based company used proceeds from its stock offering program raising $398 million by selling 117 million shares since April 15. As of May 2 the total value of its Bitcoin holdings reached $3524 million with an unrealized gain of $301 million.

The company introduced a new metric called Bitcoin Yield which has jumped 222 percent this year through May 2. This self-defined measure tracks the ratio of bitcoin holdings to diluted shares which climbed from 1025 million to 1326 million in 2024. Semler explained this is not a standard financial metric and does not reflect the company’s earnings or bitcoin’s income potential.

The purchases were funded by a mix of stock sales and cash flow from operations. Semler reaffirmed that owning its shares does not mean owning bitcoin directly. This move echoes similar strategies by firms like Strategy which recently raised its holdings to 555,450 BTC.

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