Ethereum

Equity

Bitcoin

Yield

Semler Scientific, a healthcare-focused medical equipment company, has updated investors on its Bitcoin holdings. It now owns $114 million worth of Bitcoin. 
Between Nov. 6 and Nov. 15, Semler acquired 215 Bitcoin for $17.7 million, averaging $82,502 per Bitcoin. The company now holds 1,273 Bitcoins, purchased at a total cost of $88.7 million, with an average price of $69,682 per Bitcoin, according to a press release. 
As of the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) is trading at $90,400.&nbsp; 
In May, Semler announced its first purchase under its new reserve strategy, buying 581 BTC for $40 million. This purchase led to a 25% increase in its stock price at that time. The company <a rel="" href="https://crypto.news/semler-scientific-unveils-strategy-for-bitcoin-treasury/">highlighted Bitcoin’s potential</a> as an inflation hedge and safe haven, citing its unique scarcity and resilience. 
 You might also like: <a rel="" href="https://crypto.news/altseason-begins-5-cryptos-that-could-be-millionaire-makers/"> Altseason begins: 5 cryptos that could be millionaire makers </a> 
<h2 class="wp-block-heading" id="atm-offering">ATM offering&nbsp;</h2> 
The company also announced it raised $21.5 million through an at-the-market offering, selling 505,544 shares under its Controlled Equity Offering agreement with Cantor Fitzgerald. This funding supports its Bitcoin purchases and other operational needs. 
Semler tracks the success of its Bitcoin strategy with a metric called BTC Yield. BTC Yield measures changes in the ratio of the company’s Bitcoin holdings to its diluted shares outstanding, according to the release. 
From Oct. 1 to Nov. 15, its BTC Yield was 18.9%, and from July 1 to November 15, 2024, it reached 37.3%. 
The company cautioned that BTC Yield is not a traditional financial measure and should be seen as one factor in assessing its Bitcoin treasury strategy. 
 You might also like: <a rel="" href="https://crypto.news/microstrategy-added-4-6b-in-bitcoin-to-holdings/"> Ethereum price is on track to hit $10k, crypto analyst predicts </a>

Semler Scientific buys 215 more Bitcoin, raises $21.5m in equity offering

Table of Contents

crypto.news

Other articles published on Nov 18, 2024

Binance Set to List Six New USDC Trading Pairs, Here Are Crypto Tickers

BitcoinCash Weekly News November 18th 2024 by the BCHF

Massive Profits Await: 5 Cryptos Under $0.10 Ready to Boom Before Year-End!

Crypto Market Today (Nov 18th, 2024): Bitcoin Price Awaits Bulls, XRP Price at $1.13

Former Binance U.S CEO Brooks named potential SEC Chairman candidate

Access to starlink in South Africa more difficult as kits must also be used in country of registr...

Join our free newsletter for daily crypto updates!