Semler Scientific expanded its Bitcoin treasury with nearly a $30 million purchase, while reporting a 58.4% BTC yield since adopting its crypto strategy.
Healthcare tech company Semler Scientific boosted its Bitcoin (BTC) holdings, acquiring 297 BTC for $29.1 million between Nov. 18 and Nov. 22 at an average price of $97,995 per BTC, according to a Nov. 25 press release.
As a result of the company’s latest transactions, its total crypto holdings now stand at 1,570 BTC, acquired at an aggregate cost of $117.8 million and an average purchase price of $75,039 per BTC, the press release reads.
The healthcare technology firm, which adopted a Bitcoin treasury strategy earlier this year, also reported a 58.4% BTC yield since July 1. For the period from Oct. 1 to Nov. 22, Semler achieved a 37.1% BTC yield. As crypto.news reported earlier, Semler tracks the success of its Bitcoin strategy with a metric called BTC Yield, which measures changes in the ratio of the company’s Bitcoin holdings to its diluted shares outstanding.
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Semler doubles ATM equity offering
Semler Scientific chairman Eric Semler highlighted the company’s success in leveraging Bitcoin as a strategic asset, saying the team is “thrilled to report a 58.4% BTC Yield and the outstanding progress we are making to accumulate Bitcoin on our balance sheet in a highly accretive way for our stakeholders.”
Additionally, Semler updated its capital markets initiatives. The Santa Clara-headquartered company doubled the size of its at-the-market equity offering, increasing its total ATM offering to $100 million. As of Nov. 22, Semler had raised $50 million in gross proceeds under the program, per the press release.
Read more: Semler Scientific unveils strategy for Bitcoin Treasury
