Semler Scientific Grows Bitcoin Treasury to 1,273 BTC, Now Worth $114 Million

Semler Scientific (SMLR) has continued its foray into bitcoin (BTC), acquiring 215 additional tokens to bring its total holdings to 1,273 BTC, valued at $114 million at bitcoin’s current price of nearly $90,000.

The company announced Monday that it had invested $17.7 million over the ten days ending Nov. 15 to purchase the additional bitcoin at an average price of $82,502 per coin. The acquisition was partially funded through proceeds from its at-the-market stock issuance program, which has raised $21.5 million to date.

Since beginning its bitcoin treasury strategy earlier this year, Semler has spent $88.7 million on its bitcoin holdings, with an average purchase price of $69,682 per BTC.

Semler has adopted “Bitcoin Yield” as a key performance metric, a concept introduced by MicroStrategy (MSTR), to measure the shareholder value generated by its bitcoin acquisitions.

“With a Bitcoin Yield of 37.3%, we’re demonstrating the significant accretive potential of our bitcoin strategy,” said Eric Semler, chairman of Semler Scientific. “This metric underscores the value we are creating for our shareholders as we continue to invest in this transformative asset.”

The announcement follows similar disclosures from Metaplanet, Marathon Digital, and MicroStrategy, as corporations double down on bitcoin during its recent rally.

SMLR shares rose 2.4% in premarket trading and have climbed 33% since the company began its bitcoin acquisition strategy last summer.