Semler Scientific put another $30m in Bitcoin, boosts ATM offering to $100m
Semler Scientific expanded its Bitcoin treasury with almost a $30 million buy, whereas reporting a 58.4% BTC yield since adopting its crypto technique.
Healthcare tech firm Semler Scientific boosted its Bitcoin (BTC) holdings, buying 297 BTC for $29.1 million between Nov. 18 and Nov. 22 at a mean value of $97,995 per BTC, in accordance with a Nov. 25 press release.
Because of the corporate’s newest transactions, its whole crypto holdings now stand at 1,570 BTC, acquired at an mixture price of $117.8 million and a mean buy value of $75,039 per BTC, the press launch reads.
The healthcare expertise agency, which adopted a Bitcoin treasury technique earlier this yr, additionally reported a 58.4% BTC yield since July 1. For the interval from Oct. 1 to Nov. 22, Semler achieved a 37.1% BTC yield. As crypto.information reported earlier, Semler tracks the success of its Bitcoin technique with a metric known as BTC Yield, which measures modifications within the ratio of the corporate’s Bitcoin holdings to its diluted shares excellent.
Semler doubles ATM fairness providing
Semler Scientific chairman Eric Semler highlighted the corporate’s success in leveraging Bitcoin as a strategic asset, saying the crew is “thrilled to report a 58.4% BTC Yield and the excellent progress we’re making to build up Bitcoin on our steadiness sheet in a extremely accretive approach for our stakeholders.”
Moreover, Semler up to date its capital markets initiatives. The Santa Clara-headquartered firm doubled the scale of its at-the-market fairness providing, rising its whole ATM providing to $100 million. As of Nov. 22, Semler had raised $50 million in gross proceeds below this system, per the press launch.
