Summary:
Semler Scientific acquires 237 bitcoins for $23.3 million.
Total bitcoin holdings now at 2,321 BTC.
BTC Yield reached 72.6% from Oct 2024 to Jan 2025.
Utilizing an ATM offering to raise $150 million.
BTC Yield is a key performance metric for assessing investment strategy.
BTC Update
Between December 16, 2024 and January 10, 2025, Semler Scientific acquired 237 bitcoins for $23.3 million at an average price of $98,267 per bitcoin, inclusive of fees and expenses. This brings their total holdings to 2,321 bitcoins, purchased for an aggregate of $191.9 million at an average price of $82,687 per bitcoin.
ATM Update
Semler Scientific has been actively utilizing an ATM offering with Cantor Fitzgerald, increasing their total offering to $150.0 million. As of January 10, 2025, they have raised approximately $121.8 million in gross proceeds from this initiative.
BTC Yield as a Key Performance Indicator (KPI)
From October 1, 2024 to January 10, 2025, the company's BTC Yield was an impressive 72.6%. Following their treasury strategy initiated in mid-2024, the yield from July 1, 2024 to January 10, 2025 reached 99.3%. This KPI helps Semler assess the performance of its bitcoin acquisition strategy, which aims to be beneficial for stockholders.
Important Information about BTC Yield KPI
BTC Yield measures the percentage change period-to-period of the ratio between Semler's bitcoin holdings and its Assumed Diluted Shares Outstanding. The company has emphasized that this KPI should not be confused with traditional financial performance metrics, as it does not represent a return on investment or income generated from operations.
Forward-Looking Statements
This announcement contains forward-looking statements about Semler's strategy regarding bitcoin and its ATM offerings. Risks include market volatility and the company's ability to generate cash from operations.
About Semler Scientific, Inc.
Semler Scientific is dedicated to developing technology products for healthcare providers, with a focus on combating chronic diseases. They have adopted bitcoin as their primary treasury asset, showcasing a commitment to integrating cryptocurrency into their financial strategy.
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