Semler Scientific Adds $25M in Bitcoin, Boosts Holdings to Nearly $580M

Semler Scientific (NASDAQ: SMLR), a healthcare technology firm, has deepened its commitment to Bitcoin by purchasing 210 BTC between July 3 and July 16. The acquisition, worth approximately $25 million, lifts the company’s total Bitcoin holdings to 4,846 BTC—valued around $578 million at current market prices.

Strategic Bitcoin Expansion

Semler paid an average of $118,974 per Bitcoin for the latest batch, factoring in transaction fees. Overall, the firm’s Bitcoin portfolio has an average cost basis of $93,890 per coin, totaling about $455 million in cumulative investment. As of July 16, those holdings were valued at nearly $577.9 million using Coinbase market data.

The company now ranks as the 14th-largest publicly held Bitcoin owner, surpassing GameStop and trailing just behind industry giants like MicroStrategy, Marathon, Metaplanet, and Tesla.

Key Financial Highlights

• Year-to-date BTC yield: Semler reports a 30.3% gain, which it uses as a key performance metric for its treasury strategy.
• Funding method: The Bitcoin acquisitions were financed through an at-the-market (ATM) equity offering that generated $175 million by issuing roughly 4.47 million shares since mid-April.
• Revised Q2 figures: The firm recently adjusted its Q2 unrealized Bitcoin gains to $83.8 million, updating its BTC valuation to $107,176, down slightly from a prior figure.

Despite the significant crypto gains, the company’s stock has lagged—falling between 22% and 34% year-to-date. Analysts suggest that concerns about share dilution, legal risks, and core business performance are contributing to investor hesitancy.

Semler’s bold Bitcoin strategy, supported by clear KPIs and strategic fundraising, highlights its long-term vision. However, stock underperformance signals that investors remain cautious. They’re weighing crypto ambitions against traditional business fundamentals and broader market risks.

The company aims to continue expanding its Bitcoin reserves, targeting a total of 105,000 BTC by 2027. All eyes will be on its upcoming earnings report, due August 11, to assess whether this high-stakes pivot is delivering more than just digital gains.