Semler Scientific Continues to Expand Its Bitcoin Portfolio
Date: 2025-04-28 Author: Oliver Abernathy Categories: BUSINESS
As of April 24, Semler Scientific has 3,303 bitcoins on its balance sheet. The company spent a total of $290.4 million on their acquisition, with the average purchase price being $87,929 per coin, taking into account all commissions and additional expenses. Thanks to its bitcoin investment strategies, the company's profitability has reached 23.5% since the beginning of the year.
Semler Scientific receives funds for the purchase of cryptocurrency through additional share issues. Previously, the firm entered into a share sale agreement with Cantor Fitzgerald, which resulted in the issuance and sale of 2,438,274 shares, raising $126 million for the company.
Later, on April 15, Semler Scientific signed a new share sale agreement with a number of investment firms, including Barclays Capital, Cantor Fitzgerald, Canaccord Genuity, Needham & Company, Craig-Hallum Capital Group, and Lake Street Capital Markets. As part of this agreement, another 57,100 shares were issued, raising about $2 million.
Strategy, formerly known as MicroStrategy, is also among the well-known public companies actively investing in Bitcoin. However, in early April, Strategy reported losses of $5.91 billion. The reason for this was the high volatility of the crypto market and the general decline in financial markets.
Semler Scientific has demonstrated a strong commitment to crypto assets despite market volatility, making it one of the notable names among corporate Bitcoin holders.
