What to know:
- In a move that could only be described as either brilliant or utterly mad, Semler Scientific (SMLR) has acquired 455 BTC for a staggering $50M, courtesy of its ATM equity program, thus increasing its total holdings to a rather impressive 4,264 bitcoin.
- And if you thought that was the end of the story, hold onto your hats! The company has announced that its so-called BTC Yield has risen to a dazzling 25.8% YTD. Who knew numbers could be so exciting? 🎉
In a world where medical equipment meets cryptocurrency, Semler Scientific (SMLR) has made headlines with its third-largest bitcoin purchase since it decided to embrace the digital currency about a year ago. One can only imagine the boardroom discussions: “Shall we invest in more scalpels or perhaps a few more bitcoins?”
In the ten days leading up to May 22, the company acquired 455 BTC for the princely sum of $50 million, averaging a jaw-dropping $109,801 per bitcoin. This acquisition, funded through its at-the-market (ATM) equity offering program, brings Semler’s total holdings to 4,264 BTC, purchased for a cool $390 million and currently valued at over $450 million. Talk about a rollercoaster ride! 🎢
To date, the company has issued 3,003,488 shares under its April 15 $500 million ATM program, raising $114.8 million. One can only wonder how many coffee breaks that took!
Now, as if this financial escapade wasn’t enough, Semler’s BTC Yield has risen to 25.8% in 2025. This metric, which is now the darling of companies adding bitcoin to their balance sheets, measures the year-to-date percentage change in the ratio of total bitcoin holdings to assumed diluted shares outstanding. Quite the mouthful, isn’t it? 🤔
However, not all is rosy in the land of SMLR, as shares are down by 5.3% in premarket trading, coinciding with a notable decline in the price of bitcoin, which has plummeted to $108,300 this fine Friday morning. Ah, the sweet taste of irony! 🍂
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2025-05-23 16:16