Why This Company Just Spent $88 Million on Bitcoin (And You Should Care!)

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In the dusty corners of the financial world, where numbers dance like tumbleweeds in the wind, Semler Scientific (SMLR) has once again stirred the pot. This time, they’ve decided to throw caution to the wind and scoop up a hefty 871 Bitcoin (BTC) for a cool $88.5 million between the dates of January 11 and February 3. Talk about a shopping spree! 🛒💰

Now, one might wonder, where on earth did they find such a treasure? Well, it seems a mix of proceeds from their January 2025 senior convertible notes offering and a little cash from selling part of their stake in Monarch Medical Technologies did the trick. The average price? A staggering $101,616 per BTC, fees included. I mean, who needs a yacht when you can have Bitcoin, right? 🚤💸

Let’s crunch some numbers, shall we? With this latest acquisition, Semler’s Bitcoin stash now sits at a whopping 3,192 BTC. That brings their total spending to a jaw-dropping $280.4 million. If you do the math, that averages out to $87,854 per BTC. And if Bitcoin were to play nice and stay at its current price of $99,000, Semler would be sitting on a profit of approximately $35.58 million. Not too shabby for a day’s work! 💼💵

“Semler Scientific Acquires 871 #bitcoins for $88.5 million and has generated BTC Yield of 152% since July 1, 2024. Now holding 3,192 $BTC. Just getting started 🚀 $SMLR” — Eric Semler (@SemlerEric) February 4, 2025

This bold move catapults Semler Scientific into the elite club of just 29 publicly traded companies that have Bitcoin on their balance sheets. The stock market, ever the gossiping neighbor, has taken notice. After their big Bitcoin announcement in May 2024, their share price skyrocketed by 223% at its peak. It’s like watching a soap opera unfold, but with more zeros! 📈📺

Even now, they’re still trading 105% higher than before the announcement. And just to keep things spicy, they’re also 1.5% higher than they were during today’s market session. Who knew Bitcoin could be such a drama queen? 🎭

The timing of this latest purchase is as curious as a cat in a room full of rocking chairs. January 2025 was no picnic for Bitcoin, with market swings and uncertainty lurking around every corner. So, it’s no wonder there was a bit of hesitation. But hey, who needs stability when you have Bitcoin? 🤷‍♂️

“Tariffs, trade wars…it’s times like these when bitcoin should be the ultimate safe haven, far superior to gold and the dollar. #BTC” — Eric Semler (@SemlerEric) February 2, 2025

But Semler isn’t second-guessing his choices. No, he’s sticking to his guns, inspired by none other than Michael Saylor himself. He believes Bitcoin is the ultimate hedge, a more reliable store of value than gold or even the U.S. dollar. They’re doubling down, and so far, it seems to be paying off. Who knew financial decisions could be so entertaining? 🎉💡

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2025-02-04 19:20