Semler Scientific buys another 871 bitcoin for $88.5 million, bringing holdings to 3,192 BTC

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6 hours ago

Nasdaq-listed healthcare tech firm Semler Scientific acquired an additional 871 BTC for approximately $88.5 million at an average price of $101,616 per bitcoin between Jan. 11 and Feb. 3, according to an 8-K filing with the U.S. Securities and Exchange Commission on Tuesday.

Semler’s latest bitcoin purchases were made with proceeds generated from its January 2025 senior convertible notes offering and monetization of a portion of its minority investment in Monarch Medical Technologies, the firm said in a statement.

As of Feb. 3, Semler holds a total of 3,192 BTC, worth approximately $320 million, bought at an average price of $87,854 per bitcoin, for a total cost of around $280.4 million, including fees and expenses. Semler previously purchased 237 BTC for $23.3 million between Dec. 16, 2024 to Jan. 10.

"We are thrilled with the progress we are making in growing our bitcoin stockpile," Semler Scientific Chair Eric Semler said on Tuesday. "We were especially pleased with our successful convertible notes offering, which was substantially oversubscribed with investor demand. Additionally, we were pleased to have monetized a part of our investment in Monarch Medical in order to buy more bitcoin."

Semler Scientific’s shares are up 1.6% in early trading on Tuesday, according to TradingView.

On Monday, corporate bitcoin treasury pioneer MicroStrategy ended its latest bitcoin buying streak after 12 consecutive weeks of acquisitions, totaling approximately $20 billion.

The firm did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin between Jan. 27 and Feb. 2, according to an 8-K filing.

The company's total bitcoin holdings remain at 471,107 BTC, worth over $47 billion. MicroStrategy’s total holdings were bought at an average price of $64,511 per bitcoin, a total cost of around $30.4 billion.

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