Semler Scientific expands Bitcoin holdings to 3,192 BTC
Semler Scientific has expanded its Bitcoin holdings, buying an extra 871 BTC for $88.5 million.
Between January 11 and February 3, Semler made this Bitcoin (BTC) buy, which was funded by proceeds from a senior convertible notes providing and the partial monetization of its stake in Monarch Medical Applied sciences, based on Semler’s press launch.
With this latest acquisition, Semler Scientific now holds 3,192 BTC, bought at a mean worth of $87,854 per Bitcoin, totalling $280.4 million. The corporate has reported a year-to-date BTC Yield of 21.9%, with a 152.2% return since adopting its Bitcoin treasury technique in July 2024.
Chairman Eric Semler highlighted sturdy investor demand for the agency’s convertible notes and the corporate’s dedication to Bitcoin accumulation. “We’re thrilled with the progress we’re making in rising our bitcoin stockpile,” Semler mentioned.
The medical machine producer has previously stated that it’s “laser targeted” on buying and sustaining a bigger Bitcoin reserve.
Convertible senior notes
The corporate beforehand announced a $75 million non-public providing of convertible senior notes to institutional patrons, with proceeds earmarked for Bitcoin purchases.
The notes, due in 2030, will accrue curiosity semiannually and could also be settled in money, inventory, or a mix of each upon conversion.
These purchases are just like these made by different companies, comparable to Microstrategy and Genius Group, which have gained traction within the crypto house by buying Bitcoin as a part of their monetary technique.
