Semler Scientific (SMLR), a medical equipment company, significantly expanded its Bitcoin holdings, marking its third-largest purchase since adopting a Bitcoin standard approximately a year ago. Between May 13th and 22nd, the company acquired 455 Bitcoin (BTC) for a total of $50 million, representing an average price of $109,801 per BTC. This recent acquisition, financed through its at-the-market (ATM) equity offering program, increases Semler’s total BTC holdings to 4,264, with a total cost basis of $390 million and a current market value exceeding $450 million.
The company’s ATM program, initiated on April 15th with a $500 million target, has already issued 3,003,488 shares, raising $114.8 million to fund these Bitcoin purchases. Semler’s commitment to Bitcoin is further highlighted by its utilization of BTC Yield, a key performance indicator increasingly adopted by companies holding Bitcoin on their balance sheets. This metric, measuring the year-to-date percentage change in the ratio of total Bitcoin holdings to assumed diluted shares outstanding, currently stands at 25.8% for Semler in 2025.
This substantial investment in Bitcoin reflects Semler’s strategic belief in the digital asset’s long-term potential. However, the company’s stock price (SMLR) experienced a 5.3% decline in pre-market trading on Friday, mirroring a broader downturn in Bitcoin’s price, which fell to $108,300. This price fluctuation underscores the inherent volatility associated with Bitcoin investments and its impact on companies actively managing Bitcoin holdings as part of their overall financial strategy. Despite the recent price drop, Semler’s significant Bitcoin holdings represent a substantial portion of its overall asset value, highlighting the company’s ongoing commitment to this digital asset. The interplay between the company’s stock performance and the value of its Bitcoin holdings remains a key factor for investors to consider.
