Semler Scientific Enhances Bitcoin Holdings and Announces New Capital Raise Strategy

Recent Developments at Semler Scientific

Semler Scientific, Inc. (Nasdaq: SMLR) has made significant strides in its digital asset strategy with the recent announcement of its updated bitcoin (BTC) holdings and a new active market offering (ATM). This reflects the company’s commitment to driving value for its stakeholders through innovative financial practices, including investments in cryptocurrency.

Bitcoin Holdings Update

From November 18 to November 22, 2024, Semler Scientific acquired an additional 297 bitcoins at a total cost of $29.1 million, averaging $97,995 per bitcoin after fees. This brought the company's total holdings to an impressive 1,570 bitcoins, for which it has invested roughly $117.8 million at an average cost of $75,039 per bitcoin. The company’s drive to accumulate cryptocurrency assets is a notable strategic choice aimed at leveraging the potential of bitcoin as a key treasury asset.

ATM Offering Increase

In addition to boosting its bitcoin treasury, Semler Scientific announced an increase to its existing ATM arrangement. An earlier registration statement, which became effective on August 13, 2024, enables the company to issue common stock at market prices. A recent prospectus filing will allow Semler to raise an additional $50 million, upping the total possible proceeds from this ATM offering to $100 million. This strategic move is intended to support the company's operational needs while simultaneously generating funds that can be allocated for further bitcoin acquisitions.

BTC Yield Performance

A key performance indicator (KPI) highlighted by the company is the BTC Yield, calculated from its bitcoin holdings relative to its total shares outstanding. From October 1 to November 22, 2024, the BTC Yield stood at 37.1%, while from July 1 to November 22, 2024, it improved to 58.4%. Eric Semler, chairman of Semler Scientific, expressed satisfaction with this yield, indicating effective management of bitcoin assets and a focused strategic approach that should benefit shareholders in the long run.

Understanding BTC Yield

The BTC Yield is defined by the change in the ratio of bitcoin assets to the company's assumed diluted shares outstanding over designated periods. Though this KPI is not a traditional measure of financial performance, it serves as a valuable tool for investors assessing Semler’s innovative approach to funding its bitcoin treasury strategy. This initiative appears to enhance shareholder value and aligns with the emerging trends in financial technology.

Future Outlook

Looking ahead, Semler Scientific remains focused on both growing its technological offerings in the healthcare sector and optimizing its financial strategies through cryptocurrency. As the landscape of digital currency continues to evolve, the company's commitment to integrating bitcoin into its treasury strategy positions it favorably among its peers. This agile and forward-thinking approach not only addresses immediate capital needs but also prepares the company for the future.

About Semler Scientific, Inc.

Established as a leader in developing and marketing technological solutions for healthcare providers, Semler Scientific's flagship product, QuantaFlo®, is a patented point-of-care test that assesses arterial blood flow and aids in diagnosing cardiovascular diseases. The company’s innovative spirit extends beyond healthcare, as seen in its strategic investments in cryptocurrency. By adopting bitcoin as a primary treasury asset, Semler is positioning itself as a forward-thinking company in both healthcare technology and financial strategy.