Scientific Firm Increases Bitcoin Hoard, Now Owns 3,634 Bitcoins After Latest Purchase of 167 Coins
Semler Scientific's latest move in the Bitcoin game has left everyone in awe! Last week, they snapped up another 167 bitcoins for a whopping $16.2 million, ~~raising~~ adding to their digital currency hoard.
Most of this dough seems to have come from selling their common stock. With this purchase, the medical device maker now owns a cool 3,634 bitcoins worth around $362.5 million. That's one heck of a crypto stash, son!
Now, let me give you a lowdown on Semler's Bitcoin journey so far. They first hopped onto the Bitcoin train in 2021, investing a cool $10 million to spice up their financial portfolio and shield themselves from inflation. This was just one move among several corporates who were digging into digital assets as a safe bet against economic turmoil.
More recently, Semler has been on a Bitcoin buying spree, scooping up over 3,600 BTC in less than two weeks! Their latest acquisition pushed their holdings to 3,634, valued at approximately $362.5 million as of late April. With these recent purchases, they've vaulted themselves into the big leagues of corporate Bitcoin holders.
Even though they took a $41.8 million hit in the first quarter due to a bitcoin price drop, Semler's still got plenty of green in their pockets to keep the good times rollin'. They're positioning themselves at the forefront of innovation, and their Bitcoin strategy is proof of that.
So, where did they get the cash for all this Bitcoin buying? They tapped into an At-The-Market (ATM) equity program, which has raked in around $39.8 million by offloading over 1.1 million shares since April 15. This program has become their go-to for capital, aiming to channel it toward their Bitcoin-focused treasury strategy.
The company's CEO, Doug Murphy-Chutorian, has preached the gospel of Bitcoin as a store of value and a shield against economic uncertainty. Their investment aligns with Semler's long-term financial ambitions and Innovation, baby!
To keep things interesting, Semler also cranked out a BTC Yield of 22.2% year-to-date, demonstrating an efficient use of equity capital to nab Bitcoin. That's pretty darn impressive!
In conclusion, Semler Scientific's Bitcoin investment strategy has evolved from a simple diversification plan to a central aspect of their financial strategy, turning them into a major player in the corporate Bitcoin market. Keep your eyes on these guys; they're on a mission to outdo the competition in the digital world!
Semler Scientific's Bitcoin investment has been part of their financial strategy since 2021, with a focus on using digital currency as a shield against inflation and diversifying their portfolio. In less than two weeks, they acquired over 3,600 bitcoins, valued at approximately $362.5 million, making significant additions to their hoard through the sale of common stock and an At-The-Market (ATM) equity program.
