Semler Scientific just bought 215 BTC for $17.7 million. That averages out to about $82,502 per bitcoin. They also reported a "BTC Yield" of 37.3% since they started their new treasury strategy. This announcement comes as more companies are revealing their bitcoin purchases.
With this latest buy, Semler Scientific (SMLR) now holds 1,273 bitcoins, valued at around $114 million based on the current price of nearly $90,000. They shared that this purchase took place over ten days, ending on November 15. Part of the funding came from share sales through their at-the-market program, which has raised $21.5 million so far.
Overall, Semler’s 1,273 BTC were acquired for $88.7 million, giving them an average purchase price of $69,682 per bitcoin. They’ve introduced "Bitcoin Yield" as a key performance indicator (KPI). This metric, created by Michael Saylor from MicroStrategy (MSTR), which holds over 300,000 bitcoins, measures how well a company acquires bitcoin in a way that benefits its shareholders.
“We have achieved a BTC Yield of 37.3% since adopting our bitcoin treasury strategy in the second quarter of this year,” said Eric Semler, the chairman of Semler Scientific. “We believe this shows significant bitcoin growth for our stakeholders.”
This announcement marks the fourth corporate bitcoin purchase or intent to purchase disclosed on the same day. It follows similar news from Metaplanet, Marathon Digital, and another big buy from MicroStrategy. After this news, SMLR saw a 2.4% increase in premarket trading and has risen about 33% since they began buying bitcoin last summer.