Healthcare Tech Firm Semler Scientific Invests $88.5M More in Bitcoin

Semler Scientific, a Nasdaq-listed healthcare technology company, has significantly increased its Bitcoin holdings, purchasing an additional 871 BTC for approximately $88.5 million. This latest acquisition brings the company's total Bitcoin holdings to 3,192 BTC, reflecting a growing trend of corporate adoption of Bitcoin as a treasury reserve asset. Meanwhile, MicroStrategy, the leading corporate Bitcoin holder, has paused its 12-week buying streak.

Funding the Purchase: Convertible Notes and Strategic Asset Sales

Semler Scientific's recent Bitcoin purchases, made between January 11 and February 3, were funded through proceeds from its January 2025 senior convertible notes offering and the partial monetization of its investment in Monarch Medical Technologies. The average purchase price for this latest batch was $101,616 per Bitcoin, according to the company's SEC filing.

"We are thrilled with the progress we are making in growing our bitcoin stockpile," said Eric Semler, Chair of Semler Scientific. "We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand. Additionally, we were pleased to have monetized a part of our investment in Monarch Medical in order to buy more bitcoin."

A Growing Treasury: Semler's Bitcoin Holdings Now Worth $320 Million

The company's total Bitcoin holdings are now valued at approximately $320 million, acquired at an average price of $87,854 per Bitcoin, for a total cost of around $280.4 million. This follows a previous purchase of 237 BTC for $23.3 million between December 16, 2024, and January 10.