The post Semler Scientific Purchases 871 Bitcoins; Achieves Impressive BTC Yield appeared first on Coinpedia Fintech News
In a significant update, Semler Scientific has announced updates regarding its bitcoin activity and holdings, and BTC Yield, a key performance indicator.
The press release noted that from January 11 to February 3, 2025, Semler Scientific bought 871 bitcoins for $88.5 million using funds from its January 2025 senior convertible notes offering and the sale of part of its stake in Monarch Medical Technologies, LLC. The average price of its bitcoin purchases was $101,616 per bitcoin, inclusive of fees and expenses.
As of February 3, 2025, Semler Scientific holds 3,192 bitcoins. Furthermore, Semler Scientific achieved a BTC yield of 21.9% from January 1 to February 3, 2025, and an impressive 152.2% from July 1, 2024, through February 3, 2025, following its adoption of a bitcoin treasury strategy.
“We are thrilled with the progress we are making in growing our bitcoin stockpile,” expressed Eric Semler, chairman of Semler Scientific.
The Chairman revealed that they were especially pleased with the success of their convertible notes offering, which saw strong investor demand.