Key Takeaways
- The average purchase price was $109,801 per BTC, and the buy was funded through proceeds from the firm’s $500 million at-the-market offering program.
- To fund the BTC acquisitions, Semler sold approximately 3 million shares of its common stock, generating net proceeds of $115 million
Leading medical tech company Semler Scientific purchased 455 Bitcoin for $50 million between May 13 and May 22, according to a new 8-K filing with the U.S. Securities and Exchange Commission. The average purchase price was $109,801 per BTC, and the buy was funded through proceeds from the firm’s $500 million at-the-market offering program.
The acquisition brings the company’s total Bitcoin holdings to 4,264 BTC, which were purchased at a combined cost of $390 million. As of May 22, the market value of Semler’s Bitcoin portfolio stands at $474.4 million.
Semler Scientific first adopted its Bitcoin treasury strategy in May 2024 and has continued accumulating the asset since then. The company said its Bitcoin Yield, a performance measure based on BTC price appreciation, was 25.8% for the year-to-date period. It is one of the few public companies that track Bitcoin returns as part of its financial strategy.
To fund the BTC acquisitions, Semler sold approximately 3 million shares of its common stock, generating net proceeds of $115 million. The company is among a small but growing list of firms that use capital markets to build a Bitcoin treasury.
Despite the BTC gains, Semler’s core business has faced headwinds. In its Q1 2025 earnings report released on May 13, the company reported a 44% decline in revenue year-over-year. Its stock has fallen 18% in 2025, even as Bitcoin is up 181.6% during the same period.
Semler shares dropped 1.36% on the day of the Bitcoin disclosure, while the Nasdaq index, which tracks major tech stocks, declined 1%.
Semler Scientific develops and markets diagnostic products aimed at early detection of chronic diseases. While its primary business remains healthcare, its growing Bitcoin holdings place it among the top 13 Bitcoin-holding public companies, based on current market values.
