30s Summary

Semler Scientific has purchased 215 bitcoins totalling $17.7 million, each bought for an average of $82,502, resulting in a ‘BTC Yield’ of 37.3%. The biomedical company now owns 1,273 bitcoins believed to be worth $114 million based on the current price. This purchase, largely funded through Semler’s share sales, marks the firm’s shift to using ‘Bitcoin Yield’, which measures how much a company’s Bitcoin acquisition benefits shareholder value. Semler joins other companies such as Metaplanet, Marathon Digital, and MicroStrategy who announced corporate Bitcoin investments, increasing Semler’s stocks by 2.4% in pre-market action.

Full Article

Semler Scientific recently bought 215 bitcoins at a total cost of $17.7 million. This means that each bitcoin was purchased at an average price of $82,502. The new purchase has resulted in a ‘BTC Yield’ of 37.3% for the company ever since it adopted its new treasury strategy. The announcement about this new purchase adds to a growing number of corporate bitcoin purchases that have been disclosed recently.

As of now, Semler Scientific owns 1,273 bitcoins that are estimated to be worth around $114 million. This is based on the current price of Bitcoin, which is nearly $90,000. The company announced this acquisition on Monday morning. The 215 bitcoins were bought over a span of ten days, ending on November 15. This purchase was primarily funded through share sales under Semler’s at-the-market program, which have accumulated to $21.5 million.

The total amount of bitcoins that Semler owns were purchased at a cost of $88.7 million, which means each bitcoin was purchased at an average price of $69,682. The company has now started to use ‘Bitcoin Yield’ as a key performance indicator. ‘Bitcoin Yield’ is a term that was developed by Michael Saylor’s MicroStrategy, which owns more than 300,000 bitcoins. It represents how much a company’s bitcoin acquisition contributes to shareholder value. Semler’s current ‘BTC Yield’ is 37.3%, which, according to Eric Semler, the chairman of Semler Scientific, “demonstrates substantial bitcoin accretion for our stakeholders.”

This announcement by Semler marks the fourth disclosure about a corporate bitcoin purchase on Monday. Other companies that also stated their intent to purchase bitcoins, or have already done so, include Metaplanet, Marathon Digital, and MicroStrategy. Semler’s stocks have risen by 2.4% in pre-market action, and since it started buying bitcoins last summer, its stocks have seen an increase of about 33%.