news 
Semler Scientific Purchases 871 Bitcoins; Achieves Impressive BTC Yield
In a remarkable move, Semler Scientific has announced the purchase of an impressive 871 bitcoins for a staggering $88.5 million. This substantial investment was made possible by utilizing funds from its January 2025 senior convertible notes offering and parting with shares in Monarch Medical Technologies, LLC.
As per the press release, the average price paid for each bitcoin acquisition stood at a hefty $101,616, inclusive of all fees and expenses. Notably, Semler Scientific now holds an impressive 3,192 bitcoins as of February 3, 2025.
The company has also reported a remarkable BTC yield of 21.9% from January 1 to February 3, 2025. This is in addition to its remarkable cumulative gain of 152.2% since July 1, 2024, which can be attributed to the adoption of a bitcoin treasury strategy.
Chairman Eric Semler expressed his enthusiasm with the progress made in growing the company’s bitcoin stockpile, stating that they are thrilled with the outcome. Moreover, he was particularly pleased with the strong investor demand for their convertible notes offering.
It is interesting to note that this significant development comes at a time when regulatory bodies are making waves in the cryptocurrency space. The SEC has recently introduced new rules aimed at regulating the industry, and prominent players like Coinbase have urged regulators to provide clarity on crypto banking services.
Source: coinpedia.org
