Semler Scientific, the second company to adopt Bitcoin as a treasury reserve asset, has acquired an additional 210 BTC worth $25 million. The company surpassed GameStop in total Bitcoin Holdings, to become the 14th largest corporate holder of Bitcoin.
Semler Scientific acquired 187 Bitcoin for $20 million between June 3 and 13, according to an 8K filing with the U.S. SEC on July 17. The latest BTC purchase was made at an average price of $118,974 per Bitcoin.
With the latest purchase, the company has increased its total Bitcoin holdings to 4,846 BTC. These were acquired for an aggregate of $455 million at an average purchase price of $93,890 per Bitcoin.
Semler Scientific director of Bitcoin strategy Joe Burnett took to X to reach out to the wider crypto community. He revealed a BTC yield of 30.3% year-to-date achieved by the company with its BTC acquisition strategy.
Also, the firm has issued and sold 4.46 million shares of its common stock for net proceeds of nearly $175 million. This was part of the $500 million common stock sales in ATM offering program.
On June 7, Semler Scientific acquired 187 BTC for $20 million at an average price of $106,906 per coin. The firm plans to buy at least 10,000 BTC by year-end 2025, and 105,000 by 2027.
SMLR stock price closed 1.26% higher at $42.71 on Wednesday. The stock price rallied nearly 40% in a month, as per Yahoo Finance data.
BTC price fell 1% in the past 24 hours, with the price currently trading at $117,784. The 24-hour low and high are $117,508 and $120,065, respectively. Furthermore, the trading volume has decreased by 6% in the last 24 hours, indicating a decline in interest among traders.
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