17h05 ▪
3
min read ▪ by
The medical technology company Semler Scientific (NASDAQ: SMLR) continues its aggressive bitcoin investment strategy with the acquisition of an additional 871 BTC, bringing its total portfolio to 3,192 BTC. This transaction comes as the giant MicroStrategy pauses its acquisitions.
Semler Scientific bets big on Bitcoin and sees its returns explode
Between January 11 and February 3, 2025, Semler Scientific invested $88.5 million in buying new bitcoins. To finance the operation, the company issued convertible bonds and sold a portion of its shares in Monarch Medical Technologies. The average acquisition price was set at $101,616 per BTC.
The company now holds a total of 3,192 bitcoins, representing a cumulative investment of $280.4 million, with an average purchase price of $87,854 per unit. This bitcoin position represents a major share of its total market capitalization of $484.2 million.
“We are very pleased with the increase in our bitcoin position,” said Eric Semler, the company’s president, highlighting the strong interest from investors in the issuance of convertible bonds.
Since July 2024, this strategy has proven fruitful with a return of 152.2%. With 3,192 BTC in the portfolio, the bitcoin investment now represents more than half of the company’s market capitalization, valued at $484.2 million. A major transformation for this company specializing in medical technologies.
A strategic shift that raises questions
Although Semler Scientific’s bitcoin strategy shows an impressive return of 152.2% since July 2024, it raises questions. The increase in the number of shares from 8.086 to 11.672 million in seven months represents significant dilution for shareholders.
This announcement coincides with the first pause in purchases in 12 weeks by MicroStrategy, the largest institutional holder of bitcoin with 471,107 BTC. This halt occurs amid volatility, as bitcoin trades below $100,000 after its all-time highs, following the trade tensions initiated by Donald Trump with China, Mexico, and Canada.
In summary, this trend of adopting bitcoin as a store of value by companies is strengthening. For Semler Scientific, valued at $484.2 million on the stock market, its bitcoin holdings now constitute a major part of its value, significantly transforming its identity as a medical company.
Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
