Semler Scientific Has Quietly Built Up a Sizeable Bitcoin Position

This puts the company’s average entry price at around $90,124 per coin, according to a recent announcement. The healthcare tech firm now holds more than 3300 Bitcoin valued near $300 million.

Semler Scientific (NASDAQ:SCIX) has been silently amassing a massive Bitcoin fortune, making headlines once again for its unconventional investment strategy.

The company, which provides chronic disease management tools, has disclosed acquiring 111 BTC between mid-February and late April at an average price of around $90,124 per coin.

This piles onto the company’s existing Bitcoin reserves, which now total more than 3,300 at a current market price of nearly $300 million.

Chart: BTC Price Today,

Bitcoin Integration Boosts Stockholder Returns

Semler Scientific’s chairman, Eric Semler, highlighted that the company’s stock has seen a return of about 23.5% so far this year, which he attributes in part to the company’s Bitcoin holdings.

Semler Scientific considers its growing Bitcoin reserves a strategic move to deliver additional value to investors. They track performance using a unique metric called “BTC Yield,” which measures the ratio of Bitcoin to outstanding shares.

Semler Scientific noted that its average acquisition cost across all Bitcoin purchases is roughly $89,000. With Bitcoin recently trading at around $94,000, the investment appears to be paying off.

To support its Bitcoin buying spree, the company issued about $125 million in new stock and is preparing to raise another $75 million through convertible notes.