According to Decrypt, healthcare technologies company Semler Scientific has increased its Bitcoin holdings, joining a growing number of companies investing in the cryptocurrency this year. The Santa Clara, California-based firm purchased 303 Bitcoin at an average price of $96,779 between November 25 and December 4, as stated in a recent announcement. Company Chairman Eric Semler expressed satisfaction with a reported BTC Yield of 78.7%. Currently, Semler Scientific holds 1,873 Bitcoin, valued at over $189 million at current market prices.
Semler has been consistently adding to its Bitcoin reserves throughout the year, with a recent acquisition of 215 Bitcoin in early November. This accumulation places the company 14th among publicly traded companies in terms of Bitcoin holdings, according to data from Bitcoin Treasuries compiled by BitBo. To facilitate these purchases, Semler issues shares of common stock and monitors the ratio of its Bitcoin holdings to these shares using a key performance indicator known as “BTC Yield.” This strategy was first adopted in May, when the company highlighted Bitcoin's potential for significant returns as it gains recognition as digital gold—a sentiment echoed by Federal Reserve Chair Jerome Powell, which garnered attention recently.
Semler Scientific's approach mirrors that of other companies pursuing similar strategies. Notably, MicroStrategy, which holds over $40 billion in Bitcoin, utilizes the BTC Yield metric to assess the percentage change over time in the ratio of its total Bitcoin holdings to its assumed diluted outstanding shares. Additionally, Japan's Metaplanet has been actively increasing its Bitcoin holdings, more than doubling its assets as the value of Bitcoin rises amid a renewed bull market. Semler Scientific, trading under the ticker SMLR on the NASDAQ stock exchange, has seen its stock price increase by nearly 33% this year, although it recently closed down by approximately 7.6% at $58.55.
