Semler Scientific, a company offering technological solutions for recurring diseases, has made a significant announcement regarding its cryptocurrency activities. The firm confirmed that it has purchased $21.5 million worth of Bitcoin (BTC) 
$106,509. Additionally, it updated its capital markets strategy and overall performance indicators.
Bitcoin Acquisition
Earlier this year, Semler Scientific adopted a BTC treasury strategy, deciding to further solidify cryptocurrency as a vital component of its financial strategy. Chairman Eric Semler revealed that the company acquired 211 Bitcoins, with an average purchase price of $101,890 per Bitcoin.
On December 16, 2024, Semler Scientific increased its total outstanding shares by $50 million under the ATM (At-the-Market) program, raising its potential to $150 million. By December 13, the company had sold shares to generate a total gross income of $100 million.
Semler Scientific purchased approximately $21.5 million in Bitcoin and has achieved a 67.0% BTC Return since May.
BTC Return Performance Indicator
Semler Scientific appears determined to enhance shareholder value through its Bitcoin treasury strategy. A key performance indicator of this strategy is the “BTC Return,” which measures percentage changes in Bitcoin holdings relative to the company’s diluted share count.
In the fourth quarter of 2024, the company reported a 67% BTC Return since adopting the strategy at the end of Q3, with a total BTC Return of 92.8%. The BTC Return reflects changes in the proportion of Bitcoin holdings to diluted shares, accounting for all stock options without including vesting terms or exercise prices.
Outlook
Semler Scientific continues to pursue capital-raising strategies through share increases and Bitcoin investments. The company emphasizes the central role of cryptocurrency in enhancing shareholder value.
Other firms, such as Riot Platforms Inc., are also adopting BTC-focused treasury strategies to boost their cryptocurrency assets, marking a trend of increasing institutional acceptance of cryptocurrencies.
The company’s BTC Return metric aids investors in evaluating its strategy. However, the long-term effectiveness of such investments may vary due to BTC’s volatility and its growing presence in macro-financial markets.
Semler Scientific’s Bitcoin investments and capital market strategies highlight the increasing role of cryptocurrencies within corporate finance. Investors can closely monitor these strategies to assess future performance.
