Semler Scientific (SMLR) is making headlines once more. This time, the corporate has added one other 871 Bitcoin (BTC) to its holdings, spending $88.5 million between Jan. 11 and Feb. 3.
The place did the cash come from? A mixture of proceeds from its January 2025 senior convertible notes providing and money freed up by promoting a part of its stake in Monarch Medical Applied sciences. The common worth? $101,616 per BTC, charges included.
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Now, let’s speak numbers. With this newest buy, Semler Scientific’s Bitcoin treasury sits at 3,192 BTC. The full spent thus far: $280.4 million. That averages out to $87,854 per BTC. Semler Scientific’s revenue on the present Bitcoin worth of $99,000 could be roughly $35,58 million.
This transfer makes Semler Scientific one in all simply 29 publicly traded corporations that maintain Bitcoin on their steadiness sheet. The inventory market is taking discover. After the corporate introduced its large Bitcoin transfer in Might 2024, its share worth went up 223% at its peak.
Even now, it’s nonetheless buying and selling 105% increased than earlier than the announcement. It’s also 1.5% increased than it was throughout at the moment’s market session.
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The timing of this newest buy is attention-grabbing. January 2025 was not precisely a gradual interval for Bitcoin. There have been plenty of market swings and uncertainty, so it’s no shock that there was some hesitation.
However Semler shouldn’t be second-guessing himself. He’s sticking to his imaginative and prescient, impressed by Michael Saylor himself, believing that Bitcoin is the final word hedge and a extra dependable retailer of worth than gold and even the U.S. greenback. They’re doubling down, and thus far, it’s working.