Semler Scientific's Bitcoin Strategy: Now Holding 2,084 BTC and Expanding ATM Offering to $150M

Semler Scientific, Inc. (Nasdaq: SMLR), a leader in healthcare technology, recently announced significant updates regarding its Bitcoin (BTC) holdings and capital markets activities.

BTC Update

Between December 5 and December 15, 2024, Semler acquired 211 BTC for $21.5 million, raising its total holdings to 2,084 BTC at an average purchase price of $80,916 per bitcoin. This acquisition was financed through its at-the-market (ATM) offering and operational cash flow.

ATM Update

On December 16, 2024, Semler filed a new prospectus to increase its ATM offering by $50 million, totaling $150 million. As of December 13, 2024, they have generated approximately $100 million from previous sales under this offering.

BTC Yield: A KPI

From October 1, 2024, to December 15, 2024, Semler's BTC Yield stood at 67.0%. From July 1, 2024, to December 15, 2024, this yield was even higher at 92.8%. Semler uses BTC Yield as a key performance indicator to evaluate the effectiveness of its bitcoin acquisition strategy, which they believe positively impacts shareholders.

Important Considerations

BTC Yield reflects the ratio of Semler's bitcoin holdings to its Assumed Diluted Shares Outstanding. However, it is crucial to understand that BTC Yield does not equate to traditional financial yields and should not be interpreted as a direct indicator of investment returns for shareholders.

About Semler Scientific

Semler Scientific is committed to innovating healthcare technology, with its flagship product, QuantaFlo®, aiding in the diagnosis of cardiovascular diseases. The company is also strategically investing in bitcoin as its primary treasury asset, highlighting its commitment to integrating cryptocurrency into its financial strategy.