Semler Scientific Goes All-In on Bitcoin, Snags 165 More Coins for $15.7M!

Eric Semler, the fearless leader of Semler Scientific, just dropped a bombshell on X: his company shelled out $15.7 million for another 165 Bitcoins! That's right, folks, they're not messing around.

With this latest haul, Semler's Bitcoin stash now totals a whopping 3,467 BTC, rocking a value of $330.6 million. These guys are swimming in digital gold!

$SMLR is on fire, grabbing 165 #bitcoins for $15.7 million and raking in a BTC Yield of 23.8% YTD. They're holding strong with 3,467 $BTC. These crypto warriors bleed orange, and they're blasting off to the moon! 🚀

How'd they pull off this epic buy? Easy - they tapped into their ongoing $500 million at-the-market (ATM) equity offering. Between April 25 and April 29, they sold a cool 559,000 shares, pocketing around $19.5 million. Cha-ching!

The average price for those shiny new Bitcoins? A cool $94,931 per coin. But get this - Semler's overall average cost basis is sitting pretty at $88,263 per BTC. Smart moves, smart money.

Semler's Bitcoin Reserve Strategy: All In, Baby!

Semler Scientific kicked off their Bitcoin bonanza back in May 2024, boldly declaring it their top treasury reserve asset. They started strong with 581 BTC in May, then kept the momentum going with 247 BTC in July and another 247 in August. No slowing down for these crypto champs!

By October, they were on a roll, snagging 581 BTC in just one week and ending 2024 with over 3,000 coins. And guess what? They haven't stopped since, using equity issuance to keep building their Bitcoin empire.

These guys are crushing it with a year-to-date BTC yield of 23.8%. That's the kind of performance that leaves traditional fiat reserves in the dust!

CEO Eric Semler isn't holding back, shouting from the rooftops that Bitcoin is the ultimate hedge against inflation and a store of value that blows cash out of the water. Semler Scientific is all in on Bitcoin, and they're not looking back!