Semler Scientific Expands Bitcoin Holdings with $88.5M Purchase

Semler Scientific (NASDAQ:SMLR) has expanded its Bitcoin holdings, acquiring 871 BTC for $88.5 million between Jan. 11 and Feb. 3. The company funded the purchase through proceeds from its January 2025 senior convertible notes and the sale of a portion of its Monarch Medical (TASE:PMCN) stake. The average cost per BTC, including fees, was $101,616.

With this latest acquisition, Semler now holds 3,192 BTC, having invested a total of $280.4 million at an average price of $87,854 per BTC. At Bitcoin’s current price of $99,000, the company’s holdings reflect an unrealized profit of approximately $35.58 million.

Semler Scientific is now among the 29 publicly traded companies with Bitcoin on their balance sheet. Since its initial Bitcoin investment in May 2024, its stock surged 223% at its peak and remains 105% higher than pre-announcement levels. Even today, shares are up 1.5% in the latest trading session.

The timing of this purchase is notable, as Bitcoin faced volatility in January 2025. Despite market uncertainty, Semler remains committed to its Bitcoin strategy, drawing inspiration from MicroStrategy’s Michael Saylor. The company views Bitcoin as a superior hedge against inflation and a more reliable store of value than gold or the U.S. dollar.

This bold approach is paying off, strengthening Semler’s position in the growing institutional Bitcoin market. With more companies exploring BTC adoption, Semler’s strategy signals a broader shift in corporate treasury management.